CandleFocus Bitcoin (BTC) Korea Premium Might be Mitigated Soon, Here's Why
2024-10-10
Author: Content Editor
The Korean Financial Services Commission has formed a special virtual asset committee to potentially create the legal framework for a Bitcoin Spot ETF launch in the country. This move could mitigate the Bitcoin Korean Premium Index, which is the difference in price between Bitcoin on Binance and on Korean exchanges. The CEO of CryptoQuant, Ki Young Ju, believes that this regulatory development is bullish for Bitcoin and could attract more arbitrage funds and market makers to the Korean market. The launch of Spot Bitcoin ETFs in Korea could have significant effects on the cryptocurrency market.
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