Bitbank vs UNUS SED LEO vs OEX
What problem does this service solve?
Bitbank is a Japanese crypto platform that offers several services, including an exchange, payment platform, and wallet. | UNUS SED LEO aims to increase the transparency of how revenues from Bitfinex, Tether, and its related entities are allocated. | OEX is a crypto-to-crypto exchange that is focused on the Chinese market. |
Token Stats
Not Relevant | Not Relevant |
Company Description
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 | 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. | OEX is a top 30 exchange with increasing trading volumes. The token selection is not large and includes some tokens that are not listed on many other exchanges. Trading Fee: 0.2% |