Kraken vs Gate.io vs UNUS SED LEO
What problem does this service solve?
Kraken is one of the largest and most influential crypto exchanges. It consistently ranks as one of the most trusted and popular exchanges. | Gate.io is an unregulated USA based crypto to crypto exchange. | 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
Kraken is a US-based cryptocurrency exchange and one of the largest bitcoin exchanges in terms of volume and liquidity. | 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. | 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. |