Weekly report: How much STEEM is stored on the exchanges? - January 3, 2019steemCreated with Sketch.

in steem •  14 days ago

The charts below show how much STEEM is stored on each exchange where STEEM is listed.

Rule #1 in the crypto world: Don't store your cryptocurrencies on an exchange!

STEEM stored on all exchanges

STEEM stored on Bittrex

STEEM stored on Poloniex

STEEM stored on Binance

STEEM stored on Huobi

STEEM stored on Upbit

STEEM stored on Bithumb

STEEM stored on Openledger

STEEM stored on Gopax

How much STEEM is currently stored on each exchange?

Bittrex27,089,691 STEEM
Poloniex9,858,893 STEEM
Binance14,603,499 STEEM
Huobi4,151,925 STEEM
Upbit1,020,674 STEEM
Bithumb1,498,929 STEEM
Openledger535,927 STEEM
Gopax344,927 STEEM

Total amount of STEEM stored on all exchanges: 59,104,465 STEEM
Total STEEM supply: 291,627,473 STEEM
Liquid STEEM: 85,949,469 STEEM

  • 20.3% of the total supply is stored on the exchanges.
  • 68.8% of all liquid STEEM is stored on the exchanges.

¯\___(ツ)____/¯ Follow me @penguinpablo for daily Steem statistics.

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I am finding it interesting that the trend is still high versus the past. I think it is more correlated to the value of the Steem in exchanges instead of the amount. So whereas 1 Steem was worth $1 in the past, now you need about e Steem for the same $1 so that is probably why the amount of Steem on exchanges has increased after the latets decline in price. Just a theory!

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Why does it matter how much steem is stored on the exchanges?