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discuss Korean BTC arbitrage

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Right now, on Korean exchange Korbit, the quoted price for BTC is 3,168,000 KRW, which translates to $2,823 USD.

On Coindesk, BTC is quoted at $2,318.

This site shows an even lower price of $2,222.

So, if one knew how, they could presuambly buy BTC for $2,318 on non-Korean exchanges and sell it for 22% more in Korea. Rinse and repeat and multiply their money at a very rapid rate.
 
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