Binance vs Bitfinex vs UNUS SED LEO
What problem does this service solve?
Binance is one of the largest crypto exchanges. | BitFinex is a bitcoin to fiat and margin trading exchange. | UNUS SED LEO aims to increase the transparency of how revenues from Bitfinex, Tether, and its related entities are allocated. |
Token Stats
Company Description
Binance is the largest cryptocurrency exchange by trading volume. The large trading volumes and range of cryptocurrency pairs available for trading, make Binance one of the most influential companies in the blockchain field. The Binance Coin (BNB) gives holders a discount on trading. Binance is capable of processing 1.4 mil orders/second, has multi-language support – Chinese, English, Korean, Japanese and has all the major coins available – BTC, ETH, LTC, BNB etc. Binance's trading fee is 0.1%. | BitFinex is a bitcoin to fiat exchange, a margin trading exchange, and a liquidity provider. The platform offers a number of features that expand the financial positions you can take - for example the ability to short Bitcoin via margin trading. | 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. |