Bitfinex Will List Its New Exchange Token Starting Monday

Crypto exchange Bitfinex will list its new exchange token, LEO, on Monday after purportedly raising $1 billion from the initial offering.

In an announcement Friday, Bitfinex said that the token – whose full name is apparently UNUS SED LEO, also the name of the token’s formal issuer – will be listed on its platform and tradeable against bitcoin, the U.S. dollar, the tether stablecoin, ether and EOS. The company was first rumored to be considering a token sale last month, to make up for an $850 million shortfall in funds.

The exchange’s chief technology officer, Paolo Ardoino, previously said that Bitfinex had closed the $1 billion sale last week, with investments apparently ranging from $1 million to $100 million.

Read more on Coindesk.com

Post a Comment