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Due to "Kimchi Premium", CoinMarketCap Removes Data From South Korean Crypto Exchanges
Summary: CoinMarketCap, The crypto price tracking platform has removed several South Korean exchanges from its Bitcoin calculation tracker, including data from Upbit, Bithumb, Coinone, and Korbit. CoinMarketCap uses data from many exchanges to estimate the price of cryptocurrencies. In an interview with Cointelegraph, CoinMarketCap content manager Molly Jane Zuckerman said that the deletion was due to ...
CoinMarketCap, The crypto price tracking platform has removed several South Korean exchanges from its Bitcoin calculation tracker, including data from Upbit, Bithumb, Coinone, and Korbit.
CoinMarketCap uses data from many exchanges to estimate the price of cryptocurrencies.
In an interview with Cointelegraph, CoinMarketCap content manager Molly Jane Zuckerman said that the deletion was due to the "Kimchi Premium" from South Korean crypto exchanges.
The Bitcoin price on South Korean exchanges is about 6% higher than other exchanges, Zuckerman said: "If the prices on South Korean exchanges stabilize, then we will add the data back in, but that hasn’t happened yet."
By Mary Liu
Tags: Bitcoin,Bithumb,CoinMarketCap,Coinone,Kimchi Premium,Korbit,South Korean,Upbit
Link: Due to "Kimchi Premium", CoinMarketCap Removes Data From South Korean Crypto Exchanges [Copy]
