UNUS SED LEO vs CEX.IO vs Blockport
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. | CEX.io is a London-based exchange that was initially launched as a cloud mining pool. | Blockport enables users to learn from, and emulate the trading activity of other traders on their platform. |
Token Stats
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. | CEX.io is a British company that changed its focus from mining into becoming a cryptocurrency exchange. CEX has made an effort to add many coins, and boasts of fill-or-kill (FOK) orders that allow for some of the industry’s fastest trading, but it has a poor record on privacy and transparency that should give pause to traders. | Blockport is a social crypto exchange with a hybrid decentralized architecture. Its social trading features allow users to follow or copy other traders. Traders whose activity is followed are rewarded with Ethereum-based BPT tokens. Token holders also receive discounts on trading fees. Trading Fees: 0.3% |