What is LEO Token (LEO)?
RANK #19The utility token of the Bitfinex exchange and iFinex ecosystem.
LEO Token market stats
LEO Token at a glance
- Ticker
- LEO
- Launched
- 2019
- Category
- Exchange token
- Issuer
- iFinex (Bitfinex)
- Use
- Fee discounts & perks
- Mechanism
- Ongoing buy-back & burn
Categories: Exchange-based Tokens · Centralized Exchange (CEX) Token · Ethereum Ecosystem · Sora Ecosystem
How LEO Token works
UNUS SED LEO (LEO) is the utility token of iFinex, the company behind the Bitfinex exchange. It offers holders benefits such as reduced trading and withdrawal fees across the platform.
LEO is known for a buy-back-and-burn commitment: the company uses a portion of revenue to buy back and burn LEO over time, gradually reducing supply. Its value is linked to the Bitfinex ecosystem.
LEO gives Bitfinex users fee discounts and other benefits that scale with holdings. iFinex has committed to using a share of revenue to buy back and burn LEO until it is fully redeemed.
As an exchange token, LEO’s utility and value are tied to the activity of Bitfinex and its parent company.
What moves the LEO price?
- Bitfinex trading volume and revenue.
- The ongoing buy-back-and-burn programme.
- Regulatory developments around the exchange.
- The broader market cycle.
What LEO is used for
- Reduced trading and withdrawal fees on Bitfinex.
- Benefits across the iFinex ecosystem.
- Exposure to the platform’s revenue via buy-backs.
LEO Token FAQ
What is LEO (UNUS SED LEO)?
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LEO is the utility token of iFinex, the company behind Bitfinex. It offers fee discounts and uses a buy-back-and-burn mechanism funded by company revenue.
What is the LEO buy-back?
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iFinex commits to using a portion of its revenue to buy back and burn LEO over time, gradually reducing the circulating supply.
What is LEO used for?
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LEO provides trading and withdrawal fee discounts and other benefits across the Bitfinex/iFinex ecosystem.
How do I buy LEO?
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LEO is available on Bitfinex and some other venues, and is held in compatible wallets. See our ratings for vetted options.
This page is information, not financial advice. Prices come from CoinGecko; the text is written and checked by our desk. See our editorial policy.