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RE: Bitcoin: Breaking - this is why Bitcoin prices on Coinmarketcap seem to plunge
Yes, the arbitrage in other markets comparing to Korean markets is huge! The main reason: very strict restrictions in Korean exchanges. It takes ages to withdraw cryptos from Korean eWallets or Exchanges. On the other hand when cryptos are such a popular phenomenon in Korea, worth to look from time to time in their pricing, because the chances are that the prices in other markets will follow: whether it's a dip, or a massive rise.
I noticed that about a month ago, couple weeks before Christmas, that Bitcoin's price is directly correlates to Korean's pricing. Ofc used it to my advantage too.
You are right. One further reason for this might also be that Korean exchanges enabled accounts that were somewhat anonymous which might have been attractive for some buyers / sellers.