Bitcoin 'kimchi premium' is back as South Korean market stirs

Suvashree Ghosh / Bloomberg09-01 06:19

Bitcoin is again trading at a premium in South Korea, after a rally in token prices reignited risk appetite in one of crypto's most closely watched retail markets.(Sept 1): Bitcoin is again trading at...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2664865826?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-09-01 06:19","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2664865826","market":"hk","top_or_hot":-1,"title":"Bitcoin 'kimchi premium' is back as South Korean market stirs","media":"Suvashree Ghosh / Bloomberg","content":"<div>\n<p>Bitcoin is again trading at a premium in South Korea, after a rally in token prices reignited risk appetite in one of crypto's most closely watched retail markets.(Sept 1): Bitcoin is again trading at...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/cryptocurrency/bitcoin-kimchi-premium-back-south-korean-market-stirs?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n","source":"edge_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin 'kimchi premium' is back as South Korean market stirs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin 'kimchi premium' is back as South Korean market stirs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-09-01 06:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/news/cryptocurrency/bitcoin-kimchi-premium-back-south-korean-market-stirs?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Suvashree Ghosh / Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitcoin is again trading at a premium in South Korea, after a rally in token prices reignited risk appetite in one of crypto's most closely watched retail markets.(Sept 1): Bitcoin is again trading at...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/cryptocurrency/bitcoin-kimchi-premium-back-south-korean-market-stirs?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BTRN","symbol_name":"比特币期货ETF-Global X","start_time":0,"source_url":"https://www.theedgesingapore.com/news/cryptocurrency/bitcoin-kimchi-premium-back-south-korean-market-stirs?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","article_id":"2664865826","we_media_id":null,"thumbnails":[],"rights":{"source":"edge_highlight","url":"https://www.theedgesingapore.com/news/cryptocurrency/bitcoin-kimchi-premium-back-south-korean-market-stirs?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2664865826","pubTimestamp":1788214765,"columns":[],"sourceInfo":{"source_id":"edge_highlight","name":"Edge"},"weMediaInfo":null,"summary":"Bitcoin is again trading at a premium in South Korea, after a rally in token prices reignited risk appetite in one of crypto's most closely watched retail markets.","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BTRN":"比特币期货ETF-Global X","WGMI":"比特币矿商ETF-CoinShares","MNRS":"GRAYSCALE BITCOIN MINERS ETF","BITB":"比特币ETF-Bitwise","BTCZ":"T-Rex 2X Inverse Bitcoin Daily Target ETF","KORU":"3倍做多韩国ETF-Direxion","EWY":"韩国ETF-iShares MSCI","BITC":"Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF","DAPP":"VanEck Digital Transformation ETF","BETE":"等权重比特币&以太币期货ETF-ProShares","09008":"博时比特币-U","HODL":"比特币ETF-VanEck","GBTC":"比特币ETF-Grayscale","BITI":"1倍做空比特币期货ETF-Proshares","YBIT":"YieldMax Bitcoin Option Income ETF","FBTC":"比特币ETF-Fidelity","BETH":"比特币&以太币期货ETF-ProShares","SBIT":"2倍做空比特币期货ETF-Proshares","HECO":"SPDR Galaxy Hedged Digital Asset Ecosystem ETF","BRRR":"比特币ETF-CoinShares","BEGS":"RAREVIEW 2X BULL CRYPTOCURRENCY & PRECIOUS METALS ETF","STCE":"Schwab Crypto Thematic ETF","BTCI":"NEOS Bitcoin High Income ETF","BITQ":"Bitwise Crypto Industry Innovators ETF","MSBT":"Morgan Stanley Bitcoin Trust ETP","BTF":"比特币&以太币期货ETF-CoinShares","CRPT":"First Trust SkyBridge Crypto Industry and Digital Economy ETF","IBIT":"比特币ETF-iShares","GDLC":"Grayscale CoinDesk Crypto 5 ETF","YBTC":"比特币看涨期权ETF-Roundhill","BTFX":"比特币期货ETF-CoinShares","OOQB":"One+One Bitcoin and Ether ETF","BTYB":"VistaShares BitBonds 5 Yr Enhanced Weekly Distribution ETF","ARKB":"比特币ETF-21Shares","BTCL":"T-REX 2X LONG BITCOIN DAILY TARGET ETF","BITU":"2倍做多比特币期货ETF-Proshares","LFGY":"YieldMax Crypto Industry and Tech Portfolio Option Income ETF","BTGD":"STKD Bitcoin & Gold ETF","NGHT":"Nicholas Bitcoin and Treasuries AfterDark ETF","BKCH":"AdvisorShares Sabretooth ETF","NCIQ":"HASHDEX NASDAQ CRYPTO INDEX US ETF","BITW":"Bitwise 10 Crypto Index ETF","BTCO":"比特币ETF-Invesco Galaxy","09042":"华夏比特币-U","CBTJ":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - January","FLKR":"Franklin FTSE South Korea ETF","ARKY":"ARK Active Autocallable Income ETF","09439":"嘉实比特币-U","BITX":"2倍比特币期货ETF-Volatility Shares","MAXI":"比特币期货ETF-Simplify"},"translate_title":"韩国市场活跃，比特币“泡菜溢价”回归","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HODL":0.9,"BITI":0.9,"BTYB":1.5,"CRPT":0.9,"BRRR":0.9,"BTGD":0.9,"MSBT":0.9,"BITW":0.9,"BITC":0.9,"BTCL":0.9,"NGHT":0.9,"BEGS":0.9,"BTCZ":0.9,"IBIT":1.5,"DAPP":0.9,"HECO":0.9,"WGMI":0.9,"GDLC":0.9,"YBTC":0.9,"KORU":1.5,"BITU":0.9,"EWY":1.5,"YBIT":0.9,"BTCI":0.9,"BTCO":0.9,"SBIT":0.9,"STCE":0.9,"09042":1.5,"BTFX":0.9,"FBTC":0.9,"BITB":0.9,"BTF":0.9,"BKCH":0.9,"09439":1.5,"MAXI":0.9,"ARKB":0.9,"BETH":0.9,"CBTJ":0.9,"LFGY":0.9,"MNRS":0.9,"FLKR":1.5,"OOQB":1.5,"BETE":0.9,"NCIQ":0.9,"09008":1.5,"BITX":0.9,"BTRN":0.9,"ARKY":0.9,"BITQ":0.9,"GBTC":0.9},"content_text":"Bitcoin is again trading at a premium in South Korea, after a rally in token prices reignited risk appetite in one of crypto's most closely watched retail markets.(Sept 1): Bitcoin is again trading at a premium in South Korea, after a rally in token prices reignited risk appetite in one of crypto's most closely watched retail markets.\nThe bitcoin price in won on Upbit, South Korea's largest cryptocurrency exchange owned by Dunamu Inc, showed a roughly 1% premium over the dollar price from Binance Holdings Ltd on Tuesday. The largest cryptocurrency has traded at a premium in Korea for the past week, the longest sustained streak since early May.\nKnown as the \"kimchi premium\", the gap between bitcoin prices on South Korean exchanges and global markets is viewed as a key barometer of retail investor mood across Asia. Its reappearance has presaged further bitcoin gains in the past, said Rachael Lucas, an analyst at BTC Markets. \n\"Korean retail tends to buy aggressively in risk-on phases and capital controls mean that buying shows up as a price gap rather than arbitrage flow,\" said Lucas. \"Historically, discount-to-premium crossings have preceded stronger bitcoin returns over the following weeks.\"\n\nThe return of the premium comes as bitcoin enters September at around US$79,000, after briefly crossing US$80,000 last month for the first time since May. Prices surged in August on renewed crypto optimism and the US Treasury's decision to increase buybacks of longer-dated government bonds, leading to the strongest monthly advance for bitcoin since November 2024.\nAs prices climbed, appetite for US-listed spot bitcoin exchange-traded funds returned. The ETFs attracted about US$1.92 billion in the week of Aug 17, their strongest weekly inflow in 10 months. They pulled in another US$923 million last week, although US$203 million in outflows on Aug 28 snapped a nine-day inflow streak.\nWhile US ETF flows increasingly reflect institutional demand, the price gap on South Korean exchanges has historically been associated with domestic retail buying. The spread can persist because local capital controls and other financial regulations make it difficult to arbitrage price differences quickly.\nStill, the kimchi premium is susceptible to speculative fervour and not a guarantee of another leg higher.\nWhile the kimchi premium has turned positive, \"without a corresponding pickup in spot volumes, we don't think Korea will be a major driver in the initial stage of a bitcoin rebound, with many Korean traders still focused on AI stocks,\" said Markus Thielen, head of 10x Research.\nKimchi discount\nUntil recently, the signal coming out of South Korea pointed in the opposite direction. Bitcoin traded at a discount in the country for much of the summer, reaching as low as 3.1% below international prices in early June, according to Upbit data. The average discount for August was 0.25%.\nWith ETF flows already softening at the end of August, the pickup in South Korea could still prove to be a short-lived burst of retail enthusiasm.\n\"Korea's bitcoin-specific share of global volume remains modest, so this is a small signal, an easing of Korean selling pressure, not a new Fomo wave,\" Lucas said, using the acronym for \"fear of missing out\". \"US institutional and ETF flows still dominate price action.\"\nUploaded by Arion Yeow","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.49.0","shortVersion":"4.49.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2664865826","isCrawlerRequest":true}