BitForex

by BitForex

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UNUS SED LEO

by Bitfinex

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TopBTC

by DABTC PTY LTD

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BitForex

by BitForex

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UNUS SED LEO

by Bitfinex

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TopBTC

by DABTC PTY LTD

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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.TopBTC is a crypto exchange with standard offerings and conflicting user reviews.

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.

TopBTC is an exchange that has received varying reviews. Although TopBTC is known for having large trading volumes, the customer support is lacking and there are a variety of dead coins being traded. The company claims to be from Australia, but unlike other crypto currencies there, it is not a member of the Australian Digital Commerce Association(ADCA). TopBTC has also had many users claim that they were unable to withdraw funds.

Trading Fee: 0.2%
Withdrawal Fee: 0
Number of Tokens/Coins: 26

Ratings

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