BitForex vs UNUS SED LEO vs Gate.io
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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. | Gate.io is an unregulated USA based crypto to crypto exchange. |
Token Stats
| Not Relevant | 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. | Gate.io is a crypto to crypto exchange based in the USA. It is an unregulated exchange and does not accept US clients. They offer one of the widest selections of tokens. Trading Fee: 0.2% Gate.io has received many negative reviews regarding difficulties withdrawing funds. |
