OEX

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OKEx

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UNUS SED LEO

by Bitfinex

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OEX

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OKEx

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UNUS SED LEO

by Bitfinex

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What problem does this service solve?

OEX is a crypto-to-crypto exchange that is focused on the Chinese market.OKEx is one of the largest exchanges by trading volume. It provides hundreds of token and futures trading pairs, and has become one of the most important exchanges.UNUS SED LEO aims to increase the transparency of how revenues from Bitfinex, Tether, and its related entities are allocated.

Token Stats

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Company Description

OEX is a top 30 exchange with increasing trading volumes. The token selection is not large and includes some tokens that are not listed on many other exchanges.

Trading Fee: 0.2%
Withdrawal Fee: 0
Number of Tokens/Coins: 13

OKEx is a relatively new exchange that allows cryptocurrency investors to trade a wide variety of fiat and crytpo pairs. Although it is based in China, and caters to the Chinese market, it has a platform that is easy to use in all languages, and has quickly become one of the largest exchanges, by volume, in the world. The highly secure platform provides high liquidity, and has a number of other advantages.
OKEx has a user friendly interface that can be understood by all traders, regardless of their experience. Their platform is a good option for new crypto users because it supports trading of one of the widest varieties of different cryptocurrencies. It is also a good option for professional investors and day traders. They offer high trading limits, future contracts, and a number of other trading tools, including a block explorer.
Withdrawal Fee: 0.1% with a minimum of $15
Trading Fee: 0.2%

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.

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