So much buzz in community as it is almost a week since Poloniex has disabled STEEM and SBD withdraw and deposit option.
There are even many negative remarks with some individuals saying Poloneix is planning to delist STEEM.
Lol man, be easy, Poloneix will not de-list STEEM or SBD, as it is earning thousands of dollars daily from STEEM community in terms of fees.
Well, then why?
The main reason it is disabled is to prevent ARBITRAGE from Bittrex.
The STEEM and particularly SBD price is very low on Bittrex as compared to Poloneix.
Anyone can easily make hundred of profits doing Arbitrage from Bittrex to Poloneix.
Are you sure?
Yes, It is known practice of Poloneix to disable wallets to prevent arbitrage on exchange, in the past Poloneix even banned SC and BCN wallets as users try to make Arbitrage from Bittrex and Cryptopia.
Thus, we need to wait for prices to get even on both exchange and no one knows how long it will take.
Prices of STEEM and SBD on both exchanges. It can be clearly seen how one can make profits from SBD which stand as the main problem.