HTX covers over 98% of Steem Dollar Trading Volume

Steem dollar is a valuable token of this platform it can be earned through rewards also depending upon the haircut rule on steem. It is not part of the reward but was recently listed on the HTX exchange. Before this the coin was listed on up a bit which is the exchange running in Korea only and it is not available for global users. The majority of its volume was in this exchange in KRW player which was only available for Korean users but now after the listing in the HTX exchange things have changed.

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Today I was checking for the prices of this coin in the market and I observed a huge volume shift from one exchange to another. Currently, over 98% of the trading volume is done on HTX exchange. Earlier this was happening with upbit exchnage and global users were not able to do this due to geographical restrictions. Exchange listing is very important for any coin in the market because this is how the volume is determined from the Community side listing on the exchange which is easy to access means a lot of people are trying to trade on the coin and this is why this significant shift can be seen on SBD trade volume.

Have a look at the above snapshot and you will see that the entire volume is happening on the HTX exchange. The exchange has got just one pair for sbd which is with usdt and this pair itself is covering up more than 98% of the trading volume. It's a great idea to list this token on the exchange I believe because now the significant improvement can be seen here.

I hope that this listing will bring more value to the trading for this point which is a valuable part of the entire ecosystem and since this exchange is easy to use so people across the world will be able to trade with SBD. I like the idea of this listing on the other exchange and opening the option to more people and hopefully, others would also like this action of the listing on HTX. What are your thoughts about it and do you think it's a valuable change that has been done by the platform?

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