Steem with second largest volume on Bithumb!

Bithumb is one of the leading cryptocurrency exchanges in the world. I frequently visit their site to see which currencies are the "hottest" on the exchange, and today I noticed Steem as the second most traded currency on the exchange.

Full stats of Bithum volume

The trading pair used on Bithum is Steem/KRW, and the daily volume is $56,78 million. It is only $1 million behind the leading currency, Mithril. Now, this shows that the interest for the Steem currency is strong in South Korea, a nation that we all know love cryptocurrencies.

It should, however, be mentioned that the overall volume on Bithumb is quite low. The daily volume in total doesn't exceed $400 million. The overall volume on Bithumb often gives a good feeling about the overall interest for cryptocurrencies in South Korea, and on good days with lots of trading it can easily be more than $1 billion.

It is also interesting for Steem fans to read the recent article written by @pengiunpablo in which he asks: "How much Steem is stored on exchanges?"

In the conclusions of the article he concludes with the following:

• 18.0% of the total supply is stored on the exchanges.
• 61.7% of all liquid STEEM is stored on the exchanges.

Check out the full article for more information, it is very interesting reading! But, Steem is in large part stored on exchanges, and not on Steemit or in wallets, meaning that there are large whales out there that we will never notice or know about here in the Steemit community.

I hope you found this original Steemit article to be interesting. Please follow me for more cryptocurrency related articles, and other interesting topics in the future!