In the past week, the crypto market has been buzzing with action, with bitcoin smashing its way to a new all-time high of $ 99,800 per coin on Thursday. Data reveals an intriguing dynamic during this period: while the Coinbase premium climbed, South Korea experienced a discount in BTC prices, reflecting a unique local …
South Korea Upholds Crypto ETF Ban Amid Country’s Rising Bitcoin Premiums
South Korea persists in its stance against allowing financial institutions to invest in digital currencies, effectively blocking the launch of any crypto exchange-traded fund (ETF) within its borders. A representative from the Financial Services Commission (FSC) clarified to local journalists that this policy will remain in effect. Concurrently, bitcoin’s value in South Korea is experiencing […]
South Korea’s Crypto Premiums Roar Back, Bitcoin Trades Nearly $1,300 Above Global Average
Recent data reveals the crypto economy has experienced notable growth over the past month, with a substantial portion of its trading activity originating from South Korea. As an illustration, on Saturday, November 18, 2023, the Korean won accounted for 3.53% of all bitcoin (BTC) trades in the previous 24 hours. Bitcoin Price Soars $ …