How much STEEM is stored on the exchanges? (Binance added)

in #steem7 years ago

I have just added Binance to my 'Steem Transfers to exchanges' chart.

As you can see on the charts below, Poloniex is still losing market share rapidly. It is impossible to withdraw or deposit STEEM on Poloniex since Januari 25 (again). I no longer use Poloniex.

I'm happy STEEM has been added to Binance recently. It is my favorite exchange to trade STEEM right now. STEEM withdrawals are still disabled on Binance, so hopefully they will open this shortly.

The first chart below shows all deposits and withdrawals on the exchanges over the last 3 months. The next 3 charts show the amount of STEEM users have stored on Bittrex, Poloniex and Bittrex.

Together, there is almost 40 million STEEM stored on the bitcoin exchanges, while the total amount of liquid STEEM is 67,765,507 STEEM currently. This means about 60% of all liquid STEEM is stored on an exchange.

Daily Steem Transfers from and to exchanges

DateFrom BittrexFrom PoloniexFrom BinanceTo BittrexTo PoloniexTo Binance
2018-02-04107,155 STEEM0 STEEM0 STEEM108,636 STEEM1,500 STEEM17,414 STEEM
2018-02-0387,684 STEEM0 STEEM0 STEEM23,028 STEEM4 STEEM37,469 STEEM
2018-02-02285,390 STEEM0 STEEM0 STEEM105,620 STEEM28 STEEM173,670 STEEM
2018-02-011,376,245 STEEM0 STEEM0 STEEM1,062,529 STEEM2 STEEM1,363,669 STEEM
2018-01-31107,532 STEEM0 STEEM0 STEEM413,887 STEEM302 STEEM0 STEEM
2018-01-30135,761 STEEM0 STEEM0 STEEM108,607 STEEM322 STEEM20 STEEM
2018-01-2964,792 STEEM0 STEEM0 STEEM505,294 STEEM7,528 STEEM0 STEEM

8. STEEM stored on Bittrex

8. STEEM stored on Poloniex

8. STEEM stored on Binance


¯\___(ツ)____/¯ Follow me @penguinpablo for daily Steem statistics.

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Binance has captured good volume in very short time and I am feeling that same will happen to steem volume of bittrex that has happened to poloniex volume.

great new bro for binance we can trade steem or exchange.

i dont trust any exchange except bitshares

Totally agree with you, ive lost so much bitcoin for trusting new exchanges that persons that do not know what they are talking about post here.

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Nah, Bittrex is OK.

Im impressed with the low amount of liquid STEEM..cant wait for that number to be even lower

It's just a beginning of new era of steemit.
It will probably overtake facebook in near future !

Wooow binance Are you serious? It's really too much. I think it's time to move to the binance now. Thank you for your share I used poloniex before. I was thinking of changing. I decided at your disposal.

Thanks for continuing to bring great information about the Steem ecosystem :)

Yes, I was trading on poloniex. But after this beautiful sharing, my ideas will change. Thanks for everything.

yeah i also treading with poloniex. nice @slayer10

it was a great and informative post ....
i always prefer that kind of post @penguinpablo

am a victim of poloniex , cant trade or move my steem, binance was my move the moment they made steem available

Thanks for this analysis. It definitely puts the supply/demand of steem in perspective.