The announcement of Bitfinex’s Leo tokens fetched a lot of criticism due to the missing $850 million funds from Bitfinex.
Cryptocurrency exchange Bitfinex was condemned by the media as well for the launch of the token.However, Leo tokens are now being listed on various exchanges for trading.
ZB.COM, a Chinese exchange announced on May 24, that it was listing Leo tokens. In addition, the tokens are being listed on prominent exchanges like the Delta Exchange.
Delta Exchange took to Twitter to announce the token’s availability on the network. The exchange tweeted,
“ $LEO perpetual contract is now live on Delta Exchange. Long/ short LEO with up to 20x leverage. The contract is margined and settled in $USDC. #CryptoNews #CryptocurrencyNews $BNB #BTC.”
On May 20, Bitfinex announced that the tokens would start trading on the exchange and would be paired with BTC, USDT, USD,EOS and ETH. According to CoinMarketCap,the value of the token at press time was, $1.26 and had 24-hour trading volume of $4 million.
Many prominent faces of the crypto industry are cautious about the token due to its connection with Bitfinex,Tether, iFinex, etc.
Paolo Ardoino, the CTO of Bitfinex expressed on Twitter, his thoughts on the latest developments. He tweeted,
“Lions are spreading. This is precisely the strong and unite community support that we have been talking about in the Unus Sed $LEO whitepaper (link: https://www.bitfinex.com/wp-2019-05.pdf) bitfinex.com/wp-2019-05.pdf
Thanks @balanipankaj and @Delta_Exchange @bitfinex.”
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