UNUS SED LEO vs BCEX vs LBank
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What problem does this service solve?
| UNUS SED LEO aims to increase the transparency of how revenues from Bitfinex, Tether, and its related entities are allocated. | BCEX is a top 20 exchange focused on the Chinese market. | LBank is a Chinese based exchange that primarily caters to the Chinese market. |
Token Stats
| Not Relevant | Not Relevant |
Company Description
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. | BCEX is a top 20 exchange that is aimed at the Chinese crypto market. Trading Fee: 0%-0.2% | LBank is Chinese exchange that ranks in the top 20 for trading volumes. The trading platform is intuitive and offers some advanced trading tools. However, the company's focus is on the Chinese market, and the English language site can be difficult to use. Trading Fee: 0.1% |
