LEO Holders to Continue to Get Bonuses From Bitfinex

Starting yesterday, LEO token holders that has it in an amount equivalent to at least $5k will be granted an additional 10% discount on trade fees
05 June 2019   234

Bitfinex Cryptocurrency Exchange launched the second round of the bonus program for holders of utility-tokens UNUS SED LEO.

LEO token holders that has it in an amount equivalent to at least USD5,000 will be granted an additional 10% discount on trade commissions. It will act in relation to the pairs of “crypto-crypto” and “cryptocurrency-stablecoin”.

The discount will be calculated every 12 hours and applied to baker fees on the Bitfinex and Ethfinex exchanges. At the same time, the equivalent of 5000 USDt balance in LEO tokens must be held for at least 30 days starting from May 20.

The first stage of discounts for LEO holders started on May 28th. Taker fees for holders of more than one LEO token have been reduced by 15%.

Thus, the total size of the discount on the commission of the baker for traders with coins worth more than 5,000 USDt is currently 25%.

CFTC to Approve LedgerX's Deliverable BTC Futures

At the same time, another platforms such as Bakkt, ErisX and Seed CX still awaiting regulatory approval
26 June 2019   63

Cryptocurrency derivatives provider LedgerX LLC has received a license from the Authorized Derivatives Market (DCM) from the US Commodity Futures Trading Commission (CFTC), which will allow it to launch the country's first bitcoin futures.

Deliveries for deliverable futures are made in the underlying asset, not in fiat funds. Thus, LedgerX outstripped the Bakkt, ErisX and Seed CX platforms, which are still awaiting regulatory approval.

At the same time, LedgerX intends to launch the Omni platform for trading options, swaps, and bitcoin futures for retail investors, since at the moment it does not see enough interest from institutional market participants.

However, it should be added that some experts have already expressed fears that the nature of the license received will not allow LedgerX to provide margin tools to customers, and Bakkt should have such functionality.

Recall about the intentions to obtain the appropriate permission and overtake competitors LedgerX said in April.