Bitshares market update
Hello steemians!
Today I have looked at the Bitshares markets section at Coinmarketcap (yes, it was the first thing I did in the morning, yes I'm an addict, don't judge me) and noticed something really interesting:
Do you see that? Binance has surpassed polo by trading volume! Poloniex, with their "technical issues" games, is no longer in charge!
Lately, there was a lot of speculation about the reasons for poloniex's wallet problems. Somehow these problems always pop up in the middle of BTS bull runs while none of the other exchanges have any. People on twitter are accusing polo of market manipulation and poor tech support. Michael Taggart even went on to write an article about that:
https://medium.com/@michaelx777/is-poloniex-manipulating-the-price-of-bitshares-fb6274efef5
Around two days ago, Poloniex finally fixed their BTS wallet, and their customers, fed up with the exchange's unruly behaviour, started mass-leaving the platform. This is another great news, because some of the people who left polo landed in the Bitshares DEX.
Now, as you can see from the above screenshot, Poloniex no longer controls the majority of the trading volume and, hopefully, cant hurt BTS anymore.
Stay safe and happy trading!
Cheers!
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Did you see $0.743005 BTS price on YoBit?
https://screenshots.firefox.com/TKrlnOQlVZLH27pQ/coinmarketcap.com
It could be five thouthand bucks - it wouldn't matter. As I have described in this post: https://steemit.com/bitshares/@ravid/important-psa-for-people-on-yobit-and-bittrex
Yobit have their bts wallet disabled since June. And bts trading volume is almost zero. So you can't get bts in to sell at a premium and even if you could, noone would buy it
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