How much STEEM is stored on the exchanges? - June 15, 2018
I have created a couple of charts to show you 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!
Why not? Because 14.5 million STEEM is currently locked up on Poloniex, an exchange that has deposits and withdrawals disabled for months now. I wouldn't feel comfortable if I had STEEM on Poloniex.
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 | 21,444,592 STEEM |
| Poloniex | 14,479,958 STEEM |
| Binance | 6,385,403 STEEM |
| Huobi | 3,090,198 STEEM |
| Upbit | 1,259,162 STEEM |
| Bithumb | 1,596,965 STEEM |
| Openledger | 546,249 STEEM |
| Gopax | 232,722 STEEM |
Total amount of STEEM stored on all exchanges: 49,035,249 STEEM
Total STEEM supply: 269,880,925 STEEM
Liquid STEEM: 78,003,187 STEEM
- 18.2% of the total supply is stored on the exchanges.
- 62.9% of all liquid STEEM is stored on the exchanges.
It’s gotten to the point I don’t care what happens . Steem will never see the 8.00 mark again .
Yeah, I thought the same about SBD before it went $17.
And people still doesn't understand that the US Dollar price doesn't mean shit unless you plan to buy a Lambo the next week!
Maybe...it looks like that right now though.
Great information.
This is an interesting table, you could share it every week once... or two time ... what new numbers.
Fully agreed.
Thank you!
Why do poloniex disable steem on their exchange? Cheers mike
Very cool data, this is awesome. Interesting that Bittrex is unwinding their steem balance.
OMG, 63% of liquid STEEM is ridiculous.
Nice job.
could be used to completely take over steemit.
Certainly could make a few whales out of it. It’s only 18% of total steem though.
oic, I misunderstood. thank you for clarifying. is a lot !
That's a lot of Steem on exchanges! Over 60 % of all liquid Steem on exchanges is just a huge number, but I guess the reason for it being that high is because everyone who is involved with using the Steem blockchain powers it up.
Anyway, thanks for publishing these interesting data!
Interesting to see how the rumors surrounding UpBit have impacted the volumes there. Also great to see how much the new exchanges have gotten involved in the market. This adds to the liquidity available which is great! Lastly, having only 20% liquid on exchanges could prove to be a springboard once demand for SMTs potentially come along. Thanks for these specifics!
wow
I really don't understand why would somebody hold STEEM outside of STEEM blockchain...
Still on the blockchain, but in wallets belonging to exchanges. The only reason to keep steem on exchenges is to actively trade it. It's a lot of steem out there, but they increase the liquidity.
You got my point, you don't control funds on the exchange. Even if you are active trader, speed of STEEM transaction alouds you to send funds quickly for trading.
Most exchanges take a cut of your withdrawals, so I'm guessing that they just don't want to pay any fees if they plan on trading with it again soon.
Maybe but Binance withdrawal fee is 0.01 STEEM. Not much...
Oh, that was cheaper then I expected. That's definitely a reasonable price to pay to get the funds on your own account/wallet.
There is something called investors that rather just hold than invest in power ups