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RE: CoinGecko is Officially on Utopian!
We have no plans to be an exchange for the time being and want to focus on providing good data.
We have no plans to be an exchange for the time being and want to focus on providing good data.
Can I seed this idea?
A creation of a centralized exchange with STEEM and SBD as the common trading pairs can be a massive source of revenue. Competition won't be an issue as there would be a huge flood of support from users here that would use the exchange. This is especially so since most other exchanges fail to keep their STEEM wallets functioning for weeks or months at a time. Most major exchanges have created their own coin to be a common trading pair. It takes a significant amount of time for that coin to catch on. If a centralized exchange is created that puts STEEM and SBD as common trading pairs, there will be no waiting time for the currency to gain popularity.
The STEEM and SBD trading pairs with everything else is a massive untapped market that would generate a flood of users. Both for STEEM and the new Exchange. Compared to other new exchanges with respect to competition, a STEEM supported exchange will be the easiest and quickest way an exchange can gain legs.
If you ever consider opening an exchange, please consider STEEM and SBD as common trading pairs to everything else.
a Exchange on / with Steem is a really good idea. Maybe with SBD as the Dollar pair.