UNUS SED LEO vs HitBTC vs Bitfinex
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. | HitBTC is an exchange for advanced traders that was founded in 2015. It has one of the largest selections of currency pairings and is a very good option for technical traders. It has one of the largest trading volumes in the industry. | BitFinex is a bitcoin to fiat and margin trading exchange. |
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. | HitBTC is an exchange for advanced traders that was founded in 2015. It has one of the largest selection of currency pairings and is a very good exchange for technical traders. Unfortunately, the trading platform has a variety of detailed features that can be intimidating to newer users that aren’t familiar with them. | BitFinex is a bitcoin to fiat exchange, a margin trading exchange, and a liquidity provider. The platform offers a number of features that expand the financial positions you can take - for example the ability to short Bitcoin via margin trading. |