Steem is stalling in true development... In the past it was risk to list Steem due to constant hardforks... Hive hardfork did hurt reputation of Steem even more.

Like I've said before, Steem has more disadvantages than advantages compared to other coins... Steem codebase still has bugs that affect compiling it and the blockchain is huge.

Initial syncing of the blockchain from start also requires double the disk space even without any additional metadata. Other coins require only fraction of the disk space and memory requirements.

Sites like Coinbase require multiple redundant nodes due to large userbase. With high disk space and memory requirements, the total cost is too high.