I guess through an exchange - they can work out the rate of ETH / BTC and BTC / STEEM to work out the exchange rate of ETH / STEEM.
That's actually how some foreign exchange rates are worked out - usually via USD.
I guess through an exchange - they can work out the rate of ETH / BTC and BTC / STEEM to work out the exchange rate of ETH / STEEM.
That's actually how some foreign exchange rates are worked out - usually via USD.