SBD is a valuable coin of this ecosystem and this is listed on two exchanges currently. One is upbit and this exchange is primarily from Korea which allows only Korean users to use their platform. The other one is HTX and this exchange is open for everyone so people from any country can use this exchange following the required KYC guidelines. If you look at the overall volume then you will see that almost ninety-nine percent of the volume stays in upbit. The other one has got about 1% so the major trading volume for this coin comes from Korea.
This is announced that SBD will be delisted next month on the 12th of February. Now the question is what will happen for this volume and will it move to the other exchange or it will impact the price because after this news also we have seen some drop in the coin price value. Currently, there is no upgrade but I hope that the steemit team will be working on it. We need better exchanges and mechanisms in place to keep this valuable coin in the ecosystem but till now I have not found any news update about it.
You can see a lot of variance in the price between both exchanges because one shows the price which is more than $4 and the other one is not even one dollar so in both ways we cannot say that it is pegged to the dollar value. I don't know how it will work after the delisting of the bigger exchange and what corrective action will be taken by the team to minimise the impact.
May be the case that there is something going on but it is not published for the community so wait for some time and see if there is something you will come across however I believe that that is sorely needed. Even the internal market is not really good which should also be improved I have seen a proposal for that but did not get any update on whether is approved or if it is still in process for discussion.
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This is really bad news for sbd.
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I really felt a lot of pain after seeing this news, this bad news is for the Steemit platform,
I think if the problem is not solved,
then Steemit will lose popularity in the future,
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It is a great information of Steem Dollars Upbit delisting in Feb.
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