Yeah, the Steem-Engine ecosystem is totally separate from traditional exchanges. No one hops on Steem-Engine in order to buy BTC/LTC/ETH etc. All the Steem that flows into Steem-Engine raises Steem's value by taking it off the market.
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I agree, however it is possible to exchange steem for other coins on steem-engine. If that segment of the market grows then it will be like any other exchange.