Steem (STEEM) is now available for trading on Binance, available 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 came at a different time.
This information should not be interpreted as an endorsement of cryptocurrencies or a recommendation to invest. Historic performance is no guarantee of future returns. As an investment class, cryptocurrencies are speculative investments and investing in cryptocurrencies involves significant risks – they are highly volatile, vulnerable to hacking and capital loss and sensitive to secondary activity. Before investing you should obtain advice and decide whether the potential return outweighs the risks.