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RE: 3 Steps Needed for Trading STEEM on Coinbase to Begin
A couple of users like @penguinpablo, @arcange and @lukestokes have periodic posts showing the movements of Steem to and from the internal wallets to those that are on exchanges. I believe only about 25% of liquid Steem is on exchanges and seems to mostly be for trading. In particular, some of the Korean exchanges have much larger volumes that the Steem that they hold certain days. I think that only a portion of Steem sold comes from those powering down from their Steem wallets. This could be a weakness asking for a listing as DPOS protocols are incentivized to stake and not really trade...
Sounds like what normally pushes a coin's price up, low token velocity, in this case may hold it back if it just moves at too low volumes. Also sounds like the most important thing might be getting those on Korean exchanges to deposit into CB, but is CB-pro available in Korea? I never see trading pairs in KRW on the CB exchange when I look at markets for any coin.