Will we finally see Bithumb open STEEM transfers?

in #steem5 years ago (edited)


More then 6 months ago Bithumb locked STEEM transfers on their exchange. I cant remember the exact reason why the transfers werent open soon after they dealt with the fallout of the hack the exchange suffered.
Few months ago i contacted their support service over facebook and asked for information as to when we might see them open transfers again.
The answer i got was basically:

It might happen soon or it might take years.


Screenshot (243).png


The problem was that STEEM on Bithumb for a majority of time traded at prices 10-15 times higher then those on other exchanges. Had they opened the transfers it would be a frenzy.
But can they really keep assets locked on an exchange indefinitely?

With this price surge during the last 2 days and the STEEM price on Bithumb moving in the other direction, we are currently the closest in price we have been in a long time..
Getting within 10%, as stated in the DM, might open up another exchange for us that could lead to a increase in overall daily volume, hopefully. Something that exchanges like Coinbase are always interested in.



Screenshot (244).png


Screenshot (245).png


Going from $0.35 to $1.04 is still a fair price difference but that looks much better then what we were seeing a few months ago.

Ill see you around and keep on Steeming!

Sort:  

Calling @originalworks :)
img credz: pixabay.com
Nice, you got an awesome upgoat, thanks to @lordbutterfly
BuildTeam wishes everyone a bullish new Year!
Want a boost? Minnowbooster's got your back!

I also read that they made what seemed to be a test transfer between hot wallets this week so it could be an indication that they may be open soon. Will be interesting to see what happens with price when that happens as arbitrage will surely reduce the difference among exchanges but which ways is not known!

Posted using Partiko iOS

Calling @originalworks :)
img credz: pixabay.com
Nice, you got an awesome upgoat, thanks to @lordbutterfly
BuildTeam wishes everyone a bullish new Year!
Want a boost? Minnowbooster's got your back!

Calling @originalworks :)
img credz: pixabay.com
Nice, you got an awesome upgoat, thanks to @lordbutterfly
BuildTeam wishes everyone a bullish new Year!
Want a boost? Minnowbooster's got your back!

This post has been included in the latest edition of SOS Daily News - a digest of all you need to know about the State of Steem.



Hy @lordbutterfly

Did you know that you have 55178 transactions historically on the Steem blockchain!
You can check and download all your transactions, votes, comments and more with @steemdetective!
Start here steemdetective.com

Hi @lordbutterfly!

Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 3.470 which ranks you at #6717 across all Steem accounts.
Your rank has improved 155 places in the last three days (old rank 6872).

In our last Algorithmic Curation Round, consisting of 226 contributions, your post is ranked at #42.

Evaluation of your UA score:
  • You're on the right track, try to gather more followers.
  • The readers appreciate your great work!
  • Good user engagement!

Feel free to join our @steem-ua Discord server

Coin Marketplace

STEEM 0.25
TRX 0.11
JST 0.032
BTC 62432.37
ETH 3003.22
USDT 1.00
SBD 3.78