BitForex

by BitForex

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UNUS SED LEO

by Bitfinex

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Coinbit

by Axia Inc

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BitForex

by BitForex

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UNUS SED LEO

by Bitfinex

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Coinbit

by Axia Inc

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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.Coinbit allows users to trade a variety of cryptocurrencies.

Token Stats

Not Relevant

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.

Coinbit is a South Korean cryptocurrency exchange. It is primarily focused on the South Korean market, and allows users to trade a variety of coins and tokens. Coinbit issued the Ethereum based NEXT token, which is designed to prevent price depreciation.

Trading Fee: 0.1%
Withdrawal Fee: 0.001 BTC and 0.03 ETH

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