Kimchi Premium
By CoinGecko | Updated on Aug 13, 2021
The kimchi premium is the price difference between South Korean exchanges and other global exchanges for bitcoin. The price of bitcoin on a South Korean exchange may be higher than on the US or European platform. Some investors would attempt to benefit from the kimchi premium arbitrage by trading the price differences that occur across various exchanges.
Related Terms
Impermanent Loss
Temporary loss of funds due to volatility leading to divergence in price between token pairs provided by liquidity providers.
Soft Fork
A backward-compatible update to a decentralized blockchain protocol.
When Moon
An expression used by investors to ask when the price of a coin would hit a peak
Nonce
Abbreviation for ‘number only used once’ It is of vital importance next to the hash in the verification of data from the Bitcoin blockchain network.
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.