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Bitfinex releases official white paper for $1b exchange token offering

The crypto-currency exchange behind Tether is selling its own exchange token, dubbed LEO, in a private sale and will be launching its own leveraged trading functionality and platform for other projects to do their own IEOs (initial exchange offerings).

Elsewhere in the white paper, the exchange also lists forthcoming projects, including a derivatives product. “The product will have USDT-based collateral (unavailable in the rest of the market), up to 100x leverage and isolated margin for individualized risk level,” it says.

Tags

defi, capital markets