Are you new to the cryptocurrency world and feeling a bit lost? Don't worry, you are not alone. The cryptocurrency space can be daunting for newcomers, with its many terms, abbreviations and definitions that can be difficult to understand.
ATAIX crypto glossary will help make sense of some of the most common cryptocurrency terms and definitions. Armed with this information, you'll be ready to start participating in this exciting and innovative new economy!
In the cryptocurrency world, Kimchi Premium is a term used to describe the difference in price between the global average and the price in South Korea. The Kimchi Premium is often quite large, as South Korea is a major player in the crypto market.
The Kimchi Premium can be a result of a number of factors, including demand from South Korean investors, government regulations, and cultural differences. For example, when the South Korean government banned ICOs, the Kimchi Premium widened as investors looked to other countries for their investments.
The Kimchi Premium is an important factor to consider when trading cryptocurrencies, as the prices can be significantly different depending on the location. It is also something to keep an eye on as it can indicate market sentiment and changes in the overall market.