BitForex

by BitForex

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UNUS SED LEO

by Bitfinex

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Bithumb

by Bithumb

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BitForex

by BitForex

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UNUS SED LEO

by Bitfinex

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Bithumb

by Bithumb

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What problem does this service solve?

BitForex is a large exchange with a large variety of currency pairs.UNUS SED LEO aims to increase the transparency of how revenues from Bitfinex, Tether, and its related entities are allocated.Bithumb is a top 30 exchange and the largest exchange in South Korea.

Token Stats

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Company Description

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.

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.

Bithumb is the biggest Korean crypto exchange. It is a top 30 exchange by trading volume and it is one of the most significant blockchain companies in South Korea. In June, 2018, Bithumb was hacked and around $870,000 in bitcoin were stolen from customers.
Trading Fee: 0.15%
Withdrawal Fee: 0.001 BTC
Number of Tokens/Coins: 32

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