The spread between the price of bitcoin on South Korean and U.S.-based crypto exchanges has disappeared after hitting 2019 highs.
The deficit persists. On August 13, bitcoin was trading on Upbit at 13,678,000 won and quoted on CoinDesk at $11,429.14, which translates to 13,931,951 won, a difference of 253,951 ($208). That’s about 1.8% lower. At the end of the day on Tuesday in Korea, the gap had narrowed, but it remained.
