UNUS SED LEO vs WazirX vs Bittrex
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. | WazirX allows Indian cryptocurrency traders to trade a variety of currency pairs. | Bittrex is one of the largest US based crypto exchanges. |
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. | One of India's largest Cryptocurrency exchanges, WazirX is considered to be one the most influential Crypto companies in the country. The WazirX exchange was recently acquired by Binance. The exchange allows users to trade a variety of currency pairs, and also has a native token that gives traders a discount on trading fees. The trading platform is available on desktop, iOS, and Android. | Bittrex is one of the largest crypto to crypto exchanges. It offers a large number of trading pairs, but do not allow fiat to crypto trading. Bittrex has one of the largest trading volumes in the market. |