Are the steam market used globally, or by regions?

[Twig The Fat Deerfox]

As most of us have know, we just have some more currencies available. I'm from Vietnam and i'm really appreciate the changes since a lot of games are fitter to our wallets now. But i have noticed something in the Steam Market :
- Usually i cannot sell items below than 0.03$, but now i can sell stuffs with 0.2 đồng ( 0.00001$ )
- A lot of items on markets were at 0.03$, which is minimum on Steam, and there were no buy orders for them. But after the changes, a lot of items are now at 48 đồng ( which is much smaller than 0.03$ ) and there are tons of buy orders below it.

So was the steam market used by all global users? Or it was hiding prices from cheaper regions all along?

Extra question : I also noticed that some items on market is a bit lower than it was before ( 0.03$ items are now starting from 0.02$ ). Is this also affected by regions, or it is because of the tax?

[Satoru]

The market is global

Steam will auto-convert buy/sell orders to your local currency

As you noted since your currency is more 'granular' than say the USD or Euro you do have a slight advantage for buy/sell orders vs someone like me who can only do so in 1 cent increments

Its all invisible to you. The global market with dozens of currencies has always existed. If you look at your old market transactions you'll see what hte 'original' orrder was. You have to look in the market interface not in your account settings. But you've probably bought and sold to users in different currencies and just never noticed it.

[Twig The Fat Deerfox]

Originally posted by Satoru:

The market is global

Steam will auto-convert buy/sell orders to your local currency

As you noted since your currency is more 'granular' than say the USD or Euro you do have a slight advantage for buy/sell orders vs someone like me who can only do so in 1 cent increments

So in the past, we couldn't see the items which was sold below 0.03$ until now?

[Satoru]

Originally posted by Margaret "Mae" Borøwski:

Originally posted by Satoru:

The market is global

Steam will auto-convert buy/sell orders to your local currency

As you noted since your currency is more 'granular' than say the USD or Euro you do have a slight advantage for buy/sell orders vs someone like me who can only do so in 1 cent increments

So in the past, we couldn't see the items which was sold below 0.03$ until now?

3 cents is more or less the 'global' minimum. But you can take advantage of sub-cent divergences for larger transactions.