BCEX vs UNUS SED LEO vs Bitbank
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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. | Bitbank is a Japanese crypto platform that offers several services, including an exchange, payment platform, and wallet. |
Token Stats
| Not Relevant | Not Relevant |
Company Description
BCEX is a top 20 exchange that is aimed at the Chinese crypto market. Trading Fee: 0%-0.2% | 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. | Bitbank is a regulated fiat to crypto exchange that is based in Japan. It currently does not have any trading fees. Bitbank is one of the largest Japanese cryptocurrency platforms, and ranks in the top 30 exchanges for total trading volume. Bitbank also offers several other crypto services in Japan. Trading Fee: 0 |
