Don't forget...a new exchange means there can be more SELL opportunities - not just BUY.
Not to be a downer, but it seems that the sell aspect of exchanges is often overlooked and many coins respond negatively (or neutrally) to added exchanges as a result.
That is true, though on the whole I would say in this case a new exchange is a net positive for steem.
true, but it also means that there is more traffic in transactions. Human errors, miss calculations etc. So in the long term, it will be more positive then negative for holders like us :P agree?
That's the hope!
However, reality will be revealed over time :)
UPDATE: As of this post, STEEM was at $2.99.
Today, STEEM is $2.31 (-20%)
Clearly, the market has been bearish over the last week, so STEEM isn't the only loser. And of course, long term could hold more bullish activity, but clearly the added exchange has not benefitted STEEM in the short-term...
@jrcornel @shawnvanderveer