Steem Dollars/US Dollar (SBD/USD) Price Charts for Jun 6th 2018 - 24h Change - 1.2%
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| The value of Steem Dollars at the moment is $1.72 . It has a current circulating supply of 14.7 Million coins and a total volume exchanged of $600,214. Market Cap $25,439,456 |
24h Low / 24h High $1.67 / $1.76
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This is very nice my pal,I always ask that you always succeed here.
My real buddy is very embarrassed to ask for an upvote from you,I really want your support, one post in a day, That's if friends do not mind.
Please what is the reason for the differences in SBD prices on different market?
Do you mean difference in price on difference exchanges ?
If so, when an exchange has more supply than demand sellers lower their asking price to attract buyers. Likewise when there is more demand than supply on an exchange buyers must raise their bid price to attract sellers.
Arbitrage between exchanges is a constant occurrence and often creates opportunities for those willing to purchase on one exchange and sell on another. This works best when you hold assets on several exchanges and have liquid routes between exchanges.
It's generally a lot of work for little pay, but sometimes it pays off big time. The end result is equal value on all exchanges....
Thank you for the clarification @majes. Because i noticed the the prices of SBD wasn't the same on different exchange site. Some exchange platform here in Nigeria where buying at 550 naira to $1 SBD AS against the conversion rate obtainable rate of 1700 naira to $1 SBD from other foreign platform
You're welcome Hillary :)
Blessings my friend..