As you probably heard, STEEM is now traded on Binance, a very popular exchange lately. It was hard to miss the event, because, even in this bearish market, STEEM price jumped significantly.
For reasons that I don't really understand, it started to trade at 100k satoshis, then corrected abruptly.
When I took the screenshot above it was $52.2k satoshis, trending up.
If the numbers aren't lying, at the moment of writing this article, the total traded volume since the beginning of the listing is 1,396 BTC (probably more when you'll read this). That means almost $14 million volume for just a few hours, dwarfing Bittrex, Poloniex and Upbit (the STEEM/BTC pair) all together, as it may very well go above $40-45 million by the end of the day.
All in all, fantastic news for STEEM and the Steemit ecosystem :)
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
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I started scrolling down the Coinmarketcap listings today like ah fuck and then, there it was, Steem at a nice steady $5 while the rest of the market tanks. Good shit -- and I feel like getting on Bittrex is a huge move, because our restriction to only two major exchanges before now was one of our biggest vulnerabilities.
what are those 2?
Let's hope Binance doesn't have those long maintenance periods with the Steem wallets we sometimes see at Polo ;-)
Yeah, more alternative exchanges, bigger competition and better options for us.
Definitely and more reliability. In about 9-12 months we'll have an insane amount of more options with all those decentralised exchanges upcoming :-)
The price jumped at the beginning of trading because noob "traders" put in buy market orders right at the outset. It happens with every coin that gets listed on Binance. Look at the charts, every coin hits an ath on day one of trading.
You're welcome!
Thanks! :)
Finally. No more LTC sending from bittrex.
I notiuced steem.supply is nto responsive and quite hard to operate on mobile. Would you like me to redesign it? For voluntary reward.
Hey, thanks for the offer, but a responsive version is already in the works. Again, thanks, I appreciate the offer :)
Im slow :) Im using your site often, it provides great information. I love the price graph.
What a great news for Steemit!!
The grapihc looks like a ICO rising the first exchanges!! Hahahha
Best regards man
THAT would explain the spike
That's great news because we did not create Bittrex account !
Upvote and Resteem !
steem is really doing due to this in this crash phase could go into highlight more :)
This is literally the best news I've heard in a long time. Being a big fan of Binance....... I'm very glad to see Steem there.
Just wanted to thank you for your rewards calculation tool! I'm brand new, and found that very useful. I will be utilizing it and will give you a witness vote! Cheers!
www .. this is very cheap steem price ..
i want to buy it too.
@dragosroua
This is great news
This is like amazing info @dragosroua. Will make sure to head on Binance and start trading. Many thanks for posting this update. You have my upvote today. Have an amazing day. Cheers😀👍💯
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Your posts are very interesting and useful
This is great news the best crypto trading platform now has Steem this is awsome I have been waiting months for this day great information keep up the good work
Really great news. Hope that will help to get more interest to STEEM blockchain
Its a great chance for those who are thinking about SBD.Hoping something positive will happen.@upvoted
Great information of steemit, amazing post, thanks for sharing
I have read this news everywhere on steemit. @exyle and @fultimegeek has already shared this great news. I'm so happy to listen this amazing news. Thanks for sharing, keep it up @dragosroua!
This is really a big news, will ultimately boost the Steemit growth by many folds...
resteemed :)
I been trying to get verified for a long time now on binace. And this was useful information for me about binace wish they would let me on there already Steem to the moon i say, i also did a post a few hours ago about steem being in the green and bitcoin and the others in the red but im so new here on steemit i get no views or any attention on my blog and i try really hard for being new, i would appreciate it if someone could notice me, i upvoted because it was useful info and a good post, not that im worth anything
Listed on Binance... how many places is it listed now?
Getting Steem on Binance is a great step forward for sure. I wonder why they didn't also list SBDs?