According to a recent report by Chainalysis, the cryptocurrency market in South Korea is showing growth, mainly driven by the rise in the Korea Premium Index.。The report highlights that the country's local demand, institutional trading and unique market conditions are causing crypto prices on local exchanges to exceed the global average.。The Korea Premium Index measures the spread of cryptocurrencies such as BTC, ETH and altcoins between Korean exchanges and the global market.。Chainalysis's report noted that the index rose sharply, which can be seen from "the extent to which Korean traders pay above market prices for digital assets."。This premium is at an all-time high during times of market uncertainty and volatility, prompting retail and institutional investors to seize opportunities for potential gains.。The report further stressed that "Koreans often use local exchanges" for fund management, and the amount of money transferred from local exchanges to global exchanges is "highly correlated" with the premium.。