反向“泡菜溢价”使比特币在韩国变得更便宜

由于自 2023 年 10 月以来从未出现过的反向“泡菜溢价”，比特币 (BTC) 在韩国的交易价格略低于全球加密货币市场。

South Korean cryptocurrency exchanges are offering Bitcoin (BTC) at a lower price than the rest of the world due to a reverse ‘kimchi premium,’ not seen since October 2023.

由于自 2023 年 10 月以来从未出现过的反向“泡菜溢价”，韩国加密货币交易所以低于世界其他地区的价格提供比特币 (BTC)。

Bitcoin trades at a higher price on South Korean exchanges than on global markets, a phenomenon known as the ‘kimchi premium.’ This premium is driven by several factors, including strong local demand, regulatory restrictions on capital flows, and a limited supply of BTC on South Korean exchanges.

比特币在韩国交易所的交易价格高于全球市场，这种现象被称为“泡菜溢价”。这种溢价是由多种因素推动的，包括强劲的当地需求、资本流动的监管限制以及韩国交易所的比特币供应有限。

However, The Korea Times reported a price differential of more than $500 between BTC’s price in South Korea and global markets, with the local price being lower. This indicates a negative ‘kimchi premium.’

然而，据《韩国时报》报道，比特币在韩国的价格与全球市场的价格差异超过 500 美元，其中当地价格较低。这表明“泡菜溢价”为负。

Analysts attribute this to a lack of domestic investor interest in cryptocurrency, leading to lower trading volumes on South Korean exchanges. In contrast, global crypto trading volumes have surged due to the upcoming US presidential elections and a Chinese stimulus package.

分析师将此归因于国内投资者对加密货币缺乏兴趣，导致韩国交易所的交易量下降。相比之下，由于即将到来的美国总统选举和中国的经济刺激计划，全球加密货币交易量激增。

According to KP Jang, head of Xangle Research, foreign and institutional investors are barred from using domestic exchanges, making the decline in retail investor demand a more direct factor.

Xangle Research负责人KP Jang表示，外国和机构投资者被禁止使用国内交易所，这使得散户投资者需求下降成为更直接的因素。

Moreover, the preference for typically riskier altcoins in hopes of extraordinary profits might influence the local South Korean crypto market, driving attention away from Bitcoin and leading to lower trading volumes.

此外，为了获得非凡利润而对通常风险较高的山寨币的偏好可能会影响韩国当地的加密货币市场，从而转移人们对比特币的注意力并导致交易量下降。

Historically, such price discrepancies have only persisted for a short period, and analysts expect the negative kimchi premium to be a temporary phenomenon.

从历史上看，这种价格差异只会持续很短一段时间，分析师预计泡菜溢价为负只是暂时现象。

South Korea’s crypto regulatory framework is also undergoing several changes to streamline digital asset trading and ensure sufficient customer protection mechanisms.

韩国的加密货币监管框架也正在经历一些变化，以简化数字资产交易并确保足够的客户保护机制。

In 2022, South Korea elected pro-crypto Yoon Suk-Yeol as president. As part of his election campaign, Yoon promised to reduce government interference in crypto markets, calling existing regulations “far from reality and absurd.”

2022 年，韩国选举支持加密货币的尹锡烈 (Yoon Suk-Yeol) 为总统。作为竞选活动的一部分，尹承诺减少政府对加密货币市场的干预，称现有法规“远离现实且荒谬”。

In contrast, neighboring Japan has openly embraced digital assets amid evolving crypto regulations. For instance, earlier this year, Japan’s Government Investment Pension Fund (GIPF), with $1.5 trillion in assets, expressed a desire to gain exposure to BTC.

相比之下，邻国日本在不断发展的加密法规中公开接受数字资产。例如，今年早些时候，拥有 1.5 万亿美元资产的日本政府投资养老基金（GIPF）表示希望投资 BTC。

BTC trades at $67,559 at press time, down 0.4% in the past 24 hours. When writing, the leading cryptocurrency commands a total market cap of $1.33 trillion.

截至发稿，BTC 交易价格为 67,559 美元，过去 24 小时下跌 0.4%。在撰写本文时，领先的加密货币总市值为 1.33 万亿美元。