Despite all the talks of regulatory crackdown in South Korea
Earlier in the month, we saw that the Bitcoin premium in South Korean exchanges surged to over 43% than what it was in the US. At its peak, the premium reached 51% over the last one month.
But looking at things today, if you compare prices on South Korea's Bithumb and Coinbase's GDAX exchanges, the "kimchi premium" has actually shrunk to about 14%. On 11 January, the premium was still roughly 35% between the two exchanges. And even on Friday, it was still well over 20%.
This comes despite all the talks of regulatory crackdown in South Korea over the weeks. Are exchanges worried about people pulling the trigger and stopping their trading activities? Or are things starting to normalise in the market pricing after a huge gap driven up by possible future government intervention?
What are your thoughts on the matter? Share your thoughts here or through our new Telegram group!
