UNUS SED LEO (LEO) is the utility token of iFinex, the parent company of the Bitfinex exchange. Launched in 2019, LEO was created to strengthen Bitfinex’s ecosystem and provide users with significant benefits inside its platforms.
Utility in Bitfinex services
LEO holders enjoy reduced trading fees, discounts on withdrawal and deposit services, and priority access to certain products. This design ensures constant demand for the token within Bitfinex’s global user base.
Tokenomics and buybacks
A key feature of LEO is its buyback and burn program, in which iFinex uses a portion of its revenues to repurchase LEO tokens on the market and permanently remove them from circulation. This deflationary mechanism aims to support the token’s long-term value.
Role in the iFinex ecosystem
Beyond Bitfinex, LEO is integrated into services like Ethfinex, Bitfinex Derivatives, and other ventures under the iFinex umbrella. The token remains central to customer retention, helping drive liquidity and engagement.
Strategic importance
While less known outside the Bitfinex community, LEO’s steady use and buyback program make it one of the most resilient exchange tokens, sustaining relevance in the evolving crypto exchange landscape.
Source: CoinMarketCap, Bitfinex, iFinex Reports, Binance Research
