STEEM is on Huboi, will it be next in OKex, Bitfinex, Bithumb, Karken and finally Gdax/Coinbase?

STEEM is recently listed in Huboi, one of the largest cryptocurrency exchanges in the world.

It saw a rise of $1 from $3.5 to $4.5 but settled around $4.

It was interesting to see my previous prediction from 5 days back came true: STEEM is heeding to $4 and $1B marketcap. What happened last time?

To see STEEM's price be more appreciated we need more of the top exchanges such as OKex, Bitfinex, Bithumb, Kraken, Bit-Z, LBank, BitFlyer etx. These exchanges have already added currencies with lower marketcap or utility than STEEM. Therefore, why not STEEM be there?

Since these exchanges are in competition with each other, therefore, we may see STEEM in OKex, Bitfinex or Bithumb sooner than later.

I also remembered @zappl taking initiative to add STEEM/BTC and STEEM/USDT pairs in big Chinese/HK based exchanges. It is great to see his effort came to fruition.

It could be due to most of the ICOs are ethereum's ERC20 token based, exchanges has already the infrastructure to add another ERC20 based ICO.

Therefore, EOS got the most of the benefit being marketed well and listed almost all the exchanges except Gdax/Coinbase.

Coinbase at this moment do not intend to add any ICO related coin. Recently they have refused a handsome offer from Ripple executives to add it in Coinbase. Therefore, in near future there is better chance for STEEM to be in Coinbase rather than EOS because of ICO type distribution.

However, for that STEEM have to overcome other mineable coins such Zcash, DASH and MONERO. Being the most regulated exchange (GDax) and broker (Coinbase), they may be reluctant to add these privacy coins.

If STEEM can get big success with SMT similar/close to ETH's ERC20 tokens, it not very speculative to see STEEM on Coinbase.

Coinbase is very important to a coin's ecosystem. Since it is most popular fiat get away for BTC, ETH, BCH and LTC. LTC's huge success as BTC's little brother is by part is the work of Charles Lee at Coinbase.

LTC's big success came more or less from its exchange friendly nature. It is fast, cheap to transact and has good volumes in major exchanges. Therefore, it is used widely as transaction currency for arbitrage.

STEEM being one of the fastest and fee less transaction currency if it is traded in most of the big exchanges it can be the de-facto currency for transaction to take advantages of arbitrages among other top currencies on top exchanges.

Image sources: Most images are open sourced (e.g. Pixabay, Wikimedia etc.) with Creative common license. Some images are used with due courtesy to respected owners.

Thanks for reading.
@riseofth
Cryptominer since 2013, occasional trader and tech blogger