South Korea’s premium decreases, but the won remains the second-largest fiat currency in Bitcoin spot trading volume

Odaily News The latest data from Cryptoquant shows that despite the decline in Bitcoin prices, the premium in South Korea has decreased, but it is still about $1,800 to $2,000 higher than the global weighted average price of Bitcoin. In March, the premium of Bitcoin in South Korea was close to 12%, but as of May 11, it had fallen to 2.79%. In addition, Cryptocompare data shows that the Korean won is still the second largest fiat currency in Bitcoin trading volume, accounting for 2.07% of the total Bitcoin spot trading volume, second only to the US dollar. (Bitcoin.com)