Binance kicked US based users to the curb last week, and it is impacting steem

Curious where all the steem is that isn't powered up on steemit or some other app?

Well, it is sitting on exchanges.

The largest being Bittrex.

The second largest is Binance, but that may not be the case for long...

Check it out:

(Source: https://steemit.com/steem/@penguinpablo/weekly-report-how-much-steem-is-stored-on-the-exchanges-september-19-2019)

As US users got the boot last week, they have been pulling their steem out and moving it elsewhere.

Interesting trend

Binance is still one of the largest holders of steem, but it will be interesting to see if it stays that way over the coming weeks.

I expect it to continue to lose out to other exchanges:

(Source: https://steemit.com/steem/@penguinpablo/weekly-report-how-much-steem-is-stored-on-the-exchanges-september-19-2019)

Interestingly enough, Bittrex continues to hold more and more of all the steem sitting on exchanges.

We need to make sure we do whatever it takes to keep steem listed on Bittrex!

This also goes to show how important it is to get steem listed on more exchanges.