How does target kimchi affect the trading volume of cryptocurrencies?

3 answers

• Simone CarminatiOct 12, 2020 · 5 years ago
  The target kimchi phenomenon refers to the price difference between cryptocurrencies on South Korean exchanges and other global exchanges. When this price difference is significant, it can lead to increased trading volume as traders take advantage of the arbitrage opportunity. This is because traders can buy cryptocurrencies at a lower price on global exchanges and sell them at a higher price on South Korean exchanges, making a profit. As a result, the trading volume of cryptocurrencies tends to increase during periods of target kimchi. However, it's important to note that the impact on trading volume may vary depending on the specific cryptocurrency and market conditions.
  681

  341
• Buckley SvaneOct 15, 2024 · 9 months ago
  Target kimchi can have a significant impact on the trading volume of cryptocurrencies. When the price difference between South Korean exchanges and global exchanges is large, traders are incentivized to engage in arbitrage trading. This increased trading activity can lead to higher trading volume in the cryptocurrency market. Additionally, target kimchi can attract more attention to cryptocurrencies, leading to increased trading volume from both retail and institutional investors. Overall, target kimchi plays a role in shaping the trading volume dynamics of cryptocurrencies.
  581

  194
• Cherry BoyerAug 09, 2023 · 2 years ago
  Target kimchi has been known to have a notable effect on the trading volume of cryptocurrencies. During periods of significant price differences between South Korean exchanges and global exchanges, traders are more likely to engage in trading activities to exploit the arbitrage opportunity. This can result in increased trading volume as traders buy and sell cryptocurrencies to take advantage of the price difference. However, it's important to consider that the impact may vary depending on the specific cryptocurrency and market conditions. It's always advisable to closely monitor the target kimchi phenomenon and its potential impact on trading volume.
  658

  165