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The large spread is the only way that market makers can make money providing liquidity, given that Steem is a highly inflationary coin and they're taking on the dilution risk, and it is not intended as a coin for commerce, so regular market participants don't contribute to the liquidity as they would in Bitcoin or similar.

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STEEM 0.14
TRX 0.27
JST 0.034
BTC 105536.98
ETH 2599.94
USDT 1.00
SBD 0.87