India's current premium is more than triple that of South Korea's famous kimchi premium

02/23 07:58

According to Forkast, Bitcoin — the largest cryptocurrency by market capitalization — is trading on India's top exchanges at about a 5.7% premium compared to the global average. India's current premium is more than triple that of South Korea's famous kimchi premium, which is currently sitting at 1.6%. "The prices are higher in India because there is more demand for crypto than the amount of supply that exists in the country," crypto exchange Unocoin CEO Sathvik Vishwanath told Forkast. Price premium usually sits at 2% to 5%, which varies depending on exchange-specific trading volume, market efficiency, and sentiments.
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