Why is Steem's Trading Volume so Low? - Found the Answer! by daan

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· @daan ·
$2.49
Why is Steem's Trading Volume so Low? - Found the Answer!
![steemstickers.png](https://cdn.steemitimages.com/DQmZMjY2uzVkPn2m9eY6xRS4G2bjnZQeeCKvGETbPqhXtar/steemstickers.png)

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Two days ago, I wrote [an article](https://steemit.com/steem/@daan/why-is-steem-s-trading-volume-so-low-99cb1f5dbae92est) 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. 

<center>![](https://cdn.steemitimages.com/DQmQxYpCi7XbafRKNN9Ke4T2hvs75USSrkDQAcw1C4Wmhkk/image.png)</center><center><i>[Source](https://coinmarketcap.com/currencies/steem/#markets)</i></center>

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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@cryptobols ·
$0.03
Great to hear that it has picked up!
👍  
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@daan ·
Yeah very happy with that too! Hope it keeps up like this :)
👍  
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@bozz ·
$0.03
Very interesting.  I guess I thought it was already on more exchanges than just Binance.  That is too bad and you are right, we really should work to get it on more exchanges.  I saw something a bit ago about Coinbase maybe picking them up, but that seems to be a bit of a long shot to me.  It would be awesome though!
👍  
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@daan ·
Yeah a while back people were making an effort to get it listed on Coinbase. I agree with you though, little bit of a long shot indeed.
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@joeyarnoldvn ·
# Can we create more videos for Steem? 
As Steem grows, as more people join, as more money is exchanged through the Steem blockchain and via the cryptocurrencies, then the demand grows, and therefore, to some extent, normally, as Steem grows, the exchange markets that Steem is traded on would then and does in fact grows with that, usually, it would seem.

# Make Steem Great Again. 
Can we promote Steem even more than before via videos, NPC Memes, posts, links, pictures, GIFs, comments, other things, online, offline? Because then, you know, more people, more money, more demand, more doors open up, more markets open up. Free markets has worked that way. So, why not? Why stop now. Upvoted.
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@digitalworldyou ·
Ok that could explain things. Binance is the biggest so why be listed to all those smaller ones. Ok something like Kraken would also be great but with the Blocktrades it is easy to acquire steem with all the coins you can deposit to in Exchange of Steem. So don't really think that  being listed on several smaller ones would benefit Steem a lot..

Posted using [Partiko Android](https://steemit.com/@partiko-android)
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@kimmysomelove42 ·
For surz, that's why we all voted so much for the top win on Netcoins platform, we won!  Was close, for surz keep @steem in peeps! 
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@steem-ua ·
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@crypto-econom1st ·
I would say the volume for all crypto currencies is extremely high. What normally can be interpreted as very speculative.

For Steem there is a total market cap of $226,744k and 24 hour volume of $1,517k. This means it would take 226,744/1,517=149 days to sell the total amount of Steem once. I don't think that's a very long time of you take into account that (1) most people have their Steem powered up and not directly available to sell/trade and (2) lots of Crypto enthousiastics shout very loud that crypto should be seen as long term investment.

If I try to include item 1 in my calculation then I find that on average 50,000k Steem is on the exchanges. That is equal to approximately $40,000k. Calculation will then be 40,000/1,517=26 days to transfer such an amount of Steem once from one owner to another owner.

26 days is ridiculous if you ask me.
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@natubat · (edited)
Actually I meant to add something to my comment on your last post, and @crypto-econom1st's comment reminded me of it. As soon as any cryptocurrency - or any regular currency for that matter - starts to gain significant value, many holders will sell. And for many Steemians, that means powering down, which means that any significant rise in value will be followed by a gradual slowdown. 
I've got about a third of my holdings in Steem (not powered up) so that if I feel the need to sell, I can easily do so. But my general feeling is that investments should be for the long term, and I *try* to take my own advice!
And yes, it seems important to try and get Steem listed on different exchanges.
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