Bithumb vs BitStamp vs UNUS SED LEO
What problem does this service solve?
Bithumb is a top 30 exchange and the largest exchange in South Korea. | Bitstamp is one of the oldest and most established crypto exchanges. It was originally based in Slovenia and is geared towards the European market. | UNUS SED LEO aims to increase the transparency of how revenues from Bitfinex, Tether, and its related entities are allocated. |
Token Stats
Not Relevant | Not Relevant |
Company Description
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. | Bitstamp is one of the most popular fiat to Bitcoin exchanges. It was one of the first big exchanges and it provides customers with a platform that is secure and easy to use. It was originally started in Slovenia but has moved its' operations to Luxembourg. | 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. |