Two days ago, I wrote an article about how Steem's trading volume seemed to be much lower than cryptocurrencies with a similar marketcap.
Well, it seems as though the situation has changed completely and looking at the volume statistics, it seems as though the explanation is somewhat clear to me now. It looks like people are starting to trade Steem on Binance again, which didn't have Steem deposits enabled up until 5 days ago.
This really shows how important it is to have Steem listed on all the major exchanges. Having Steem on Binance is great, but we should really be trying to get it listed on exchanges such as Coinbase, Bitfinex, Kraken, etc.
I'm keeping this post short, since I'm just sharing this information to keep you updated. I reckon that people might find it interesting to keep track of Steem's popularity on the exchanges. It does seem as though all our eggs are basically in one basket, since Binance takes up a whopping 66% of all trading volume!
Do you think that we should put more effort into getting Steem listed on other exchanges? Leave your opinion in the comment section!
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