SBD Breakout Over $8, Strange Volume Reported By Upbit

Words
200
Reading
1 min
Listen
Play
9y

At the moment of writing, SBD was trading, on average, at $8.21 on Coinmarketcap, on more than $200 million reported volume.


Screen Shot 2018-01-21 at 2.40.04 PM.png


I'm not sure how accurate this volume is, though, since the highest volume, reported by Upbit, is around $109 million, on the SBD/KRW pair.

As swissclive@swissclive suggested in a comment, it might be that Upbit is incorrectly reporting trading volume in KRW as being in USD. The USD/KRW exchange rate is around 1000KRW per USD.

The trading volume in BTC at Upbit is at $11 million, which will make a $0.109 million trading volume in USD plausible (hence, the 109 million reported being KRW).


Screen Shot 2018-01-21 at 2.46.56 PM.png


According to steem.supply, 1 SBD would give 1.549 STEEM now.


I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me dragosroua@dragosroua.


Dragos Roua


Wanna know when you're getting paid?

I know the feeling. That's why I created steem.supply, an easy to use and accurate tool for calculating your Steemit rewards

It's free to use, but if you think this is a useful addition, I'd appreciate your witness vote.

Thank you!


SBD Breakout Over $8, Strange Volume Reported By Upbit | Ecency