BCEX vs UNUS SED LEO vs BitForex
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. | BitForex is a large exchange with a large variety of currency pairs. |
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. | BitForex is a cryptocurrency exchange with headquarters in Singapore. BitForex also has several offices in other countries. It is one of the larger exchanges by trading volume and offers a large variety of trading pairs. Trading and withdrawal fees are similar other exchanges. |