Bitcoin Kimchi Premium Spikes as South Korea's Political Turmoil Escalates

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South Koreans are paying a full 3% more to buy bitcoin (BTC) than their U.S. counterparts as they seek protection from the plummeting won, CryptoQuant data show. Priced in won, the largest cryptocurrency is valued at 145,000,000 ($98,600) on the country's largest crypto exchange, Upbit. That compares with about $96,700 on Coinbase (COIN). The move follows a vote by the South Korean parliament to impeach Han Duck-soo, the prime minister and acting president, just weeks after impeaching President ...