Altcoins Talks - Cryptocurrency Forum

Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Hamzaal24 on March 11, 2020, 09:09:16 AM

Title: Exchanges Are Buying Steem Tokens
Post by: Hamzaal24 on March 11, 2020, 09:09:16 AM

(https://preview.redd.it/25s253pm30m41.jpg?width=1280&format=pjpg&auto=webp&s=0c9dac714e9cb21c2e32fdc5010bc41f568af993)

As Binance and Huobi face user withdrawals but lack liquid STEEM because they staked user funds for 13 weeks, they've been forced to buy coins from other exchanges. Huobi alone purchased millions of STEEM from Upbit, Bithumb, and Bittrex.

7-day price movement:
STEEM: +19.7%
ETH: -11.8%
BTC: -9.2%

Full Story👇
Read the full story (https://medium.com/@Benjigranko/exchanges-are-buying-steem-16ad43047bba?source=friends_link&sk=04be6966fa76dea583c5cb46521c0d6e)

Title: Re: Exchanges Are Buying Steem Tokens
Post by: masterrex on March 12, 2020, 03:30:48 PM

Well, thats their temporary solution to the problem of delayed Steem withdrawals and buying from other exchange is not bad at all, by the way, its just temporary because most of their steem supply was on staking purposes so it will not last for a long time.

Title: Re: Exchanges Are Buying Steem Tokens
Post by: bittraffic on March 13, 2020, 01:29:33 AM

Steemit is already compromised by SUN, isn't this not a good project anymore?

Its suppose to be run by the community after Larimer left but this is now owned by Justin Sun of Tron.