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South Korea’s kimchi premium is an alluring arbitrage opportunity for traders everywhere - but it might not last. In past years, Bitcoin prices in South Korea have been much higher compared to the rest of the world. This allowed traders everywhere to turn a hefty profit at virtually no risk. Whether you’re a beginner or an expert crypto trader, risk-free arbitrage trading is a lucrative strategy. You just need to know how to use it. In this detailed guide, we’ll explain what the kimchi premium is, its history, and its benefits present-day. he kimchi premium describes boosted prices of cryptocurrencies in South Korea’s exchange. A “premium” in crypto is when the crypto market price is higher than its net asset value (NAV). Traders jokingly named it after one of South Korea’s most popular fermented side dishes, kimchi. Cryptocurrencies trade higher in South Korea as a result of delays in moving money in and out of the dollar.
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Cryptocurrency is a digital or virtual currency that employs cryptography for security purposes, making it difficult to counterfeit or double-spend. It is decentralized in nature, operating on a technology called blockchain, which is a distributed ledger enforced by a network of computers or nodes. Cryptocurrencies are typically not issued or regulated by any central authority, making them immune to government manipulation or interference. They offer a new paradigm for financial systems, enabling secure, peer-to-peer transactions without the need for intermediaries like banks or other financial institutions. The history of the word “cryptocurrency” can be traced back to the early 21st century, when the concept of digital currencies secured by cryptography started gaining traction. The term is a portmanteau of “cryptography” and “currency.”
