South Korea’s crypto market growth fueled by rising Premium Index: Chainalysis

September 18, 2024 Coin Telegraph

The Korea Premium Index drives price surges in South Korea's crypto market, where institutional trading plays a pivotal role.

According to a recent report by Chainalysis, South Korea’s cryptocurrency market is witnessing a spark of growth, primarily driven by the rise in the Korea Premium Index.

The report highlights that local demand, institutional trading, and unique market conditions in the country are causing crypto prices on local exchanges to exceed global averages.

The Korea Premium Index measures the price difference for cryptocurrencies like Bitcoin (BTC), Ether (ETH), and altcoins between South Korean exchanges and global markets.

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South Korean Exchanges