Bitfinex cryptocurrency exchange announced on Wednesday, May 29, the start of margin trading in pairs with its own UNUS SED LEO token.
As stated by the exchange, margin trading will increase liquidity in the LEO markets, as well as allow token holders to receive a percentage of the assets provided for opening positions. It also became possible to use LEO as collateral when opening marginal positions on Bitfinex.
On May 17, Bitfinex confirmed the successful sale of LEO tokens to a limited circle of investors at a price of $ 1, during which the company raised $ 1 billion.
Recently exchange also announced that LEO holders will be able to receive 15% discounts on fees for transactions made on the platform in which they act as takers.