OKEx vs UNUS SED LEO vs Simex
What problem does this service solve?
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. | Simex is a crypto exchange that is focused on the Russian speaking market. |
Token Stats
Not Relevant | Not Relevant |
Company Description
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. | 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. | Simex is an exchange that is focused on the Russian crypto market but is registered in the United States. Simex offers a limited token selection that users can purchase with USD or Rubles. They offer convenient debit card withdrawal options. Trading Fee: 0.2% Simex issued the SMX token, which gives holders discounts on trading. |