Bitfinex Launches Trading for LEO Token After Raising $1 Billion Privately

Bitfinex launched trading pairs for its new native token, LEO, after performing a fast initial exchange offering (IEO) in the past few weeks.

The token, named after an Aesop fable, and bearing the full name of UNUS SED LEO, will trade against (BTC), US dollars, Tether (USDT), (ETH), and . Trading was scheduled for 8:00 UTC on Monday.

During the IEO, the LEO token had a nominal price of $1, and Bitfinex claims to have raised $1 billion through private offerings within days. The need to launch an IEO arose after the exchange lost access to $850 million of its funds, du…

This article appeared first on Cryptovest

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