Unit 4 · Rules and markets
How is the kimchi premium calculated?
- 2 min read
- 2 sections
- 3 questions · +25 XP
We compare Korean exchange prices with the global dollar price times the won–dollar rate.
The reference
Global price is the CoinGecko average and FX is the ECB reference rate, which differs slightly from bank rates. Gaps of about 1% may just be method.
Gaps widen when withdrawals pause
When an exchange pauses XRP deposits or withdrawals, arbitrage stalls and the gap grows. The market page shows Bithumb’s wallet status.
See it on the site
Related terms
- Kimchi premium
- How much higher Korean exchange prices are than the global price converted to won. Negative means Korea is cheaper.