Chat With Traders 263: Andres Granger - Making it in South Korea & Exploiting Market Inefficiencies in Crypto
Jul 18, 2023
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Forced into Crypto Trading
- Andres was forced to trade crypto at a prop firm despite no prior interest.
- He discovered crypto markets were easier to profit from live trading with small capital.
High Fees Block Some Futures Strategies
- Crypto spot trading fees are around 0.1%, but high leverage futures fees can make certain strategies unprofitable.
- High fees in leveraged futures markets make many trading styles impossible to sustain profitably.
Kimchi Premium Explained
- Kimchi premium in Korea exists due to the ban on short selling and leverage.
- This creates a market imbalance with thick bids and thin offers, sustaining price premiums.