What problem does this service solve?

BCEX is a top 20 exchange focused on the Chinese market.UNUS SED LEO aims to increase the transparency of how revenues from Bitfinex, Tether, and its related entities are allocated.

Token Stats

Not Relevant

Company Description

BCEX is a top 20 exchange that is aimed at the Chinese crypto market.

Trading Fee: 0%-0.2%
Withdrawal Fee: 0%-0.5%
Number of Tokens/Coins: 51

UNUS SED LEO is an initiative started by Bitfinex that is focused on increasing the exchange's transparency. UNUS SED LEO means "one, but it's a lion" in Latin. The iniatative was created to increase the transparency of the exchange's finances, following a controversy related to the allocation of reserves from the stablecoin Tether, that was created by the same parent company as the Bitfinex exchange, iFinex. It is built around a token burning redemption mechanism which is tied to the parent company's revenues. Their dashboard provides insights into the fees that are collected, and the LEO tokens that are burned.

Ratings

Overall

5/5 (1)

(0)

How easy is it to open a new account?

4/5

How easy is to make trades on this exchange?

3/5

How good is the selection of coins?

3/5

How reasonable are the fees?

4/5

How secure is this exchange?

3/5