Steem now available on Binance

Andrew Munro 2 February 2018 NEWS

binance snip

Social coin Steem has arrived on Binance and is now available to trade for BTC, ETH and BNB.

Steem (STEEM) is now available for trading on Binance for BNB, BTC or ETH. Binance accounts for about 12–13% of the coin's trade volume, according to CoinMarketCap, and the majority (over 60%) is still on Upbit.

Steem is a social cryptocurrency designed to reward its community contributors. Users create and curate content on Steemit, similar to other social news platforms, and get rewarded in Steem for their work.

Steem has previously seen rapid growth off a series of recommendations from well known platforms and was given a relatively favourable B- rating in the Weiss cryptocurrency reviews, for whatever that's worth.

The Binance listing comes in the middle of a market-wide cryptocurrency downturn and its prices might not have benefited as much as they would if the listing had come at a different time.


Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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