The Kimchi premium has flipped to a discount again, which could indicate a fall in interest in crypto from Korean retail investors.
It's the same situation for the second largest crypto by market cap, Ethereum .
At time of writing, data on CoinMarketCap shows Coinbase has listed ETH at roughly $1,687 and Binance has it at $1,691, while Bithumb has listed ETH at $1,682 and Upbit at $1,683.of node validator and venture capital fund Stablenode, the Kimchi premium changing to a discount marks a drop in interest from Korean retail investors.
"Generally it means fall in interest in crypto from Korean retail, which ironically is generally a better time to buy cause you know you can always sell yours to Korean gamblers for 20% premium later when they FOMO," he said.
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