✉news BusinessCrypto first seen 11 h ago, last 28 min ago, peak #12
Trading Bots Narrow South Korea's Famous Bitcoin Price Gap
Original: Bots are Changing South Korea’s Famous Bitcoin Price Gap
Automated trading bots are reshaping the so-called 'Kimchi premium', the long-standing gap between Bitcoin prices in South Korea and global markets. For years South Korean investors paid more for Bitcoin than the rest of the world, but algorithmic arbitrage trading is now closing or altering that gap. Observers say the shift marks a change in how crypto markets behave in one of the world's most active trading countries.
Why now: Traders and crypto watchers are following changes to the well-known Kimchi premium as bots automate arbitrage between markets
Evidence
- Bots are Changing South Korea’s Famous Bitcoin Price Gap · Yahoo Finance
- Bots are Changing South Korea’s Famous Bitcoin Price Gap · BeInCrypto
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