CoinDesk JAPANは2024年03月12日に、韓国の暗号資産(仮想通貨)取引高は2024年03月10日に、12兆ウォンを記録し、8日の同国株式市場の11.47兆ウォンを上回ったと報告した。

韓国の株式市場がいかに低いかと言うことだろう。
日本のように株高なら、こんなことにはならない。

韓国では、BTC(Bitcoine/ビットコイン)やETH(Etherium/イーサリアム)よりも、アルトコインが人気を集めている。

つまり、賭博生に欠けているので、何かが起こると、右往左往することだろう。
また、その原因は、個人資産が低いことを証明している。

BTC＝約1000万円、ETH＝約60万円では、一般の個人にとって、新規購入は無理だろう。

BTCの上昇で、韓国では暗号資産取引の熱狂が復活し、韓国の暗号資産取引所の取引高は先週、株式市場の取引高を超えた。

韓国の株式市場は、もうダメだと言う声も聞いた。

韓国メディアは、国内の暗号資産取引所の取引高は2024年03月10日、11.8兆ウォンを記録したと報じた。
これは2024年03月08日の韓国の株式市場の取引高11.47兆ウォン(87億ドル)を上回った。

暗号資産の取引高は、韓国の5大暗号資産取引所──Upbit(8.8兆ウォン)、Bithumb(2.7兆ウォン)、Coinone(1764億ウォン)、Gopax(552億ウォン)、Coinone(320億ウォン)の合計。

ちなみに、Upbitでの取引高トップ5は、ビットコイン、スペースID(ID)、IQ、ゼロエックス(ZRX)、柴犬コイン(SHIB)。

韓国の市場関係者は、暗号資産の取引高が相対的に大きくなったことで、韓国の投資家のリスク許容度が高まったと述べた。

「韓国では、経済の急成長を経験したため、ハイリスク・ハイリターンの投資が好まれる」とオンチェーン分析会社CryptoQuantの創業者キ・ユン・ジュ(Ki Young Ju)は述べている。

中国人と韓国人は、賭博好き！大久保で昔、キムチをつけながら、賭博をしていた韓国人のおばちゃんがいた。

好きだね〜と言ってら、ニタっとしてキムチ食うかと言って、キムチを口に入れてくれた。

「富の格差が広がる中、多くの人々がこのような投資に目を向けており、アルトコインはビットコインやイーサリアムのような主要資産よりも好ましい選択肢となっている。」

ビットコイン、イーサリア、その他のアルトコインが韓国では、世界の他の地域と比べて、高い価格になっているにもかかわらず、取引高が増えていることは、個人投資家の需要が強いことを示している。

「キムチプレミアムは、2022年5月のルナの崩壊以来の高水準となっている。韓国の投資家はビットコインにプレミアムを支払うことを厭わないため、しばしば強い個人投資家需要のサインと見なされている。」とCryptoQuantのリサーチ責任者ブラッドリー・パーク(Bradley Park)は述べた。

「Upbitの1日あたりの取引高は(ビットコインが)6万ドルに達した後、高水準を維持している。これは、個人投資家からの資金流入をさらに裏付けている」とブラッドリー・パークは続けた。

「キムチ・プレミアム(kimchi premium)」とは、世界の他の地域の取引所と韓国の取引所におけるビットコインの価格差を指す。韓国では、ビットコインは10%ほど高い価格で取引されており、他の地域の取引所でビットコインを購入し、韓国の取引所で売却して利益を得るという、収益性は高いが、実際には運用が複雑な裁定取引が可能だ。

2018年06月09日---仮想通貨「キムチ・プレミアム」の後遺症。

*History Of Kimchi Premium In The Cryptosphere---Alisha Bains

The Kimchi premium, named after the popular Korean delicacy “kimchi,” has been seen for a while in the cryptocurrency markets.

Due to the high degree of interest and participation in cryptocurrencies among its citizens, South Korea has emerged as a major player in the market. Here is a quick synopsis of the Kimchi premium’s history:

*2017-2018: Initial Observations

When South Korean cryptocurrency exchanges began to see considerable price divergence from international exchanges for cryptocurrencies, particularly Bitcoin, in late 2017 and early 2018, the phenomenon known as the “Kimchi premium” came to light.

Around that time, there was a sharp increase in Bitcoin trading activity in South Korea, and local exchanges saw a huge influx of new members.

*Early 2018: Regulatory Concerns

Early in 2018, local market volatility was exacerbated by regulatory worries and possible government crackdowns on cryptocurrency trading in South Korea.

The government explored taxing cryptocurrency and outlawing anonymous trading accounts, among other steps, to control the market. Because traders were prepared to pay higher prices to obtain Bitcoins before prospective limits came into effect, this regulatory uncertainty led to the Kimchi premium.

*2020-2021: Resurgence Of The Kimchi Premium

In 2020 and 2021, the Kimchi premium reappeared, particularly during times of significant volatility and demand for cryptocurrencies.

A number of factors, including the COVID-19 outbreak, economic uncertainty, and the increasing acceptability of digital assets by the general public, contributed to a resurgence of interest in cryptocurrencies and the Kimchi premium.

But why did the kimchi premium disappear? The Kimchi premium disappeared primarily due to regulatory interventions and increased scrutiny by South Korean authorities.

*2022 And Beyond: Variable Premium

In 2022, the Kimchi premium persisted in the cryptocurrency markets, fluctuating according to market dynamics, legislative changes, and worldwide economic circumstances.

How Crypto Traders Take Advantage Of Kimchi Premium?

By taking advantage of the price difference between South Korean exchanges and international platforms, cryptocurrency traders profit from the Kimchi premium.

On local exchanges, traders use Korean won to purchase cryptocurrencies, such as Bitcoin, when their price is much higher in South Korea due to limited supply and rising demand.

Then, in order to sell these cryptocurrencies for a profit, they move them to foreign exchanges where the price is lower. The market dynamics and legislative distinctions between South Korea and other nations give birth to this arbitrage opportunity.

To optimize their profits during the brief period of the Kimchi premium, traders must, however, handle regulatory obstacles, transaction costs, and currency translation problems in addition to keeping an eye on the erratic cryptocurrency market.

Potential earnings can be diminished or possibly result in losses due to regulatory changes, abrupt market fluctuations, and delays in fund transfers. Additionally, regulatory restrictions on fund transfers and currency exchanges into and out of South Korea may restrict arbitrage opportunities.

Therefore, before participating in Kimchi premium arbitrage or any other type of arbitrage activity in the cryptocurrency market, novel traders must fully investigate the concept, comprehend the risks involved, and adhere to all applicable laws.

*How Sam Bankman-Fried Used The Kimchi Premium To Profit From Arbitrage Opportunities?

Sam Bankman-Fried (SBF) established Alameda Research, a cryptocurrency research and trading company, in 2017 after realizing the market’s enormous development potential, especially with regard to Bitcoin trading volumes.

He anticipated large pricing differences between nations and exchanges as demand increased worldwide, which would provide favorable circumstances for arbitrage opportunities. One such chance was the Kimchi Premium: due to strong local demand, Bitcoin hit $15,000 on South Korean exchanges, although it was only trading at $10,000 in the United States.

The Korean Won, which is the regulated currency of South Korea, made it difficult to take advantage of these chances. Other arbitrage opportunities did, however, arise, such as in Japan, where the premium was not as high.

SBF took advantage of these crypto arbitrage strategies by using Alameda Research for strategic trading. By leveraging large-scale trades, he was able to generate impressive returns and position himself as a prominent figure in the crypto industry.

*Is The Kimchi Premium Legal?

The legality of using arbitrage to take advantage of the Kimchi premium is contingent upon the local laws that control capital movements and cryptocurrency trading in the particular jurisdictions—South Korea and the trader’s home country, for example.

Although trading cryptocurrencies is allowed in South Korea, regulatory safeguards have been put in place to prevent speculative trading and protect investors. Strict rules, including know your customer (KYC) and anti-money laundering (AML) measures, had been implemented by South Korean regulators to keep an eye on cryptocurrency exchanges and transactions.

The legality of taking advantage of price disparities between foreign platforms and South Korean exchanges, however, can be complicated. Arbitrage traders must abide by the rules of the source (South Korea) and destination (global) exchanges, as well as, if they are trading internationally, the financial regulations in their home nation.

*Conclusion

The Kimchi premium presents both opportunities and complexities for crypto traders. Understanding the contributing factors, historical context, and legal implications is crucial.

While traders can capitalize on price differences, they must navigate regulatory challenges and market volatility. Staying informed, complying with regulations, and employing strategic trading techniques are essential for successful participation in the ever-changing cryptocurrency landscape.

FAQs

What is the Kimchi premium in the cryptocurrency market? Kimchi premium refers to the significant price difference between cryptocurrencies on South Korean exchanges and international platforms, driven by factors like high demand, limited supply, the regulatory environment, and cultural enthusiasm for cryptocurrencies.

*Why did the Kimchi premium disappear?

The Kimchi premium disappeared due to regulatory interventions and increased scrutiny by South Korean authorities, leading to reduced speculative trading and normalized price differentials.

How do crypto traders profit using the Kimchi premium?

Traders capitalize on the Kimchi premium by buying cryptocurrencies on South Korean exchanges at a lower price and selling them on international platforms where the price is higher, leveraging the price discrepancy for profit. However, traders must navigate regulatory hurdles and market risks.

Is exploiting the Kimchi premium legally permissible?

The legality of exploiting Kimchi premiums through arbitrage depends on adherence to local regulations in South Korea and the trader’s home country. Compliance with KYC, AML, and other financial laws is essential for engaging in such trading activities legally.

ABOUT THE AUTHOR of History Of Kimchi Premium In The Cryptosphere
Alisha Bains
Alisha is a versatile professional with a strong background in digital finance backed by multiple certifications. In 2016, she started working with DeFi projects. Alisha has since held various roles, including analyst, researcher, and project manager, in the cryptocurrency and blockchain space. Her contributions extend widely within the industry. Alisha has contributed to newsletters and research reports. Beyond her professional endeavors, Alisha is a passionate traveler who embraces diverse cultures. She frequently engages in outdoor activities such as hiking and trekking, finding solace in the natural world, which complements her enthusiasm for the dynamic landscape of blockchain technology.
SEE MORE
ALISHA.KG@CCN.COM

｜翻訳・編集:CoinDesk JAPAN編集部
｜画像:CoinGecko
｜原文:Bitcoin Surge Sees Crypto Trading Volumes Exceed the Stock Market in South Korea

https://www.coindeskjapan.com/223273/
https://www.ccn.com/education/cryptocurrency-kimchi-premium/