Report: BTC traded at a discount of 1% in South Korea recently, marking the second discount since September.

Odaily Planet Daily News Kaiko said in a recent report that last week, BTC briefly traded at a discount of about 1% in the Korean market, the second time since September. Historically, due to South Korea’s unique regulatory framework restricting cross-border capital transfers for foreign users, the trading premium of BTC in the Korean market has reached as high as 50%. In March this year, as BTC hit a new all-time high, the ‘Kimchi Premium’ briefly surged to 10% and then fell back to 1-2% during the summer. It is worth noting that the previous occurrence of negative Kimchi Premium often indicates a wider Rebound in the Cryptocurrency market. However, the market uncertainty remains high this time, especially during the upcoming US election period.