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RE: Steemit Inc Must Build an Exchange

in #steemit • 6 years ago


It might work.... but whats the point, we already have bittrex and coinbase. Steemit would be under stiff competition from other exstanges, making it unlikely that they'd risk the money to get into that space.

6 years ago in #steemit by
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     6 years ago  

    Good question. The problems that exist today are.

    • exchanges don’t care if their STEEM wallets/nodes go down. Example, Binance wallet has been down for 21 days. Poloniex wallet was notorious for going down. Last time it was close to 6 months. HitBTC STEEM wallet went down 6 months ago and had never been fixed. Exchanges are holding STEEM hostage with no apparent reason.
    • Coinbase doesn’t offer STEEM or SBD
    • Bittrex is not a multilingual exchange. The rest of the world doesn’t have that option.
    • Bittrex could delist STEEM or just decide to abandon the STEEM wallet just like other exchanges have.
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     6 years ago  


    F-Coin. I think that's more likely, and they'd easily have the funds and financial leverage to set up their own exchange

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