Weekly report: How much STEEM is stored on the exchanges? - January 3, 2019
The charts below show how much STEEM is stored on each exchange where STEEM is listed.
Rule #1 in the crypto world: Don't store your cryptocurrencies on an exchange!
STEEM stored on all exchanges
STEEM stored on Bittrex
STEEM stored on Poloniex
STEEM stored on Binance
STEEM stored on Huobi
STEEM stored on Upbit
STEEM stored on Bithumb
STEEM stored on Openledger
STEEM stored on Gopax
How much STEEM is currently stored on each exchange?
| Exchange | STEEM |
|---|---|
| Bittrex | 27,089,691 STEEM |
| Poloniex | 9,858,893 STEEM |
| Binance | 14,603,499 STEEM |
| Huobi | 4,151,925 STEEM |
| Upbit | 1,020,674 STEEM |
| Bithumb | 1,498,929 STEEM |
| Openledger | 535,927 STEEM |
| Gopax | 344,927 STEEM |
Total amount of STEEM stored on all exchanges: 59,104,465 STEEM
Total STEEM supply: 291,627,473 STEEM
Liquid STEEM: 85,949,469 STEEM
- 20.3% of the total supply is stored on the exchanges.
- 68.8% of all liquid STEEM is stored on the exchanges.
I am finding it interesting that the trend is still high versus the past. I think it is more correlated to the value of the Steem in exchanges instead of the amount. So whereas 1 Steem was worth $1 in the past, now you need about e Steem for the same $1 so that is probably why the amount of Steem on exchanges has increased after the latets decline in price. Just a theory!
Posted using Partiko iOS
Why does it matter how much steem is stored on the exchanges?
Interesting...