API ID:
leo-token
Trade Symbol:
Coin or Token:
Max Supply:
Use Case:
Launch Date:
Coin Overview
LEO
Token
1 Billion
Exchange fee discounts
May 2019
Leo Token
Leo Token (LEO) is a utility token created by the Bitfinex exhange in 2019 to help stabilize the exchange’s finances. It gives holders access to discounts on trading, lending, and withdrawal fees. Bitfinex uses a portion of its monthly profits to buy back and burn LEO, reducing supply and aiming to increase its value.
A Deeper Dive
Technology & Use Case
LEO is used across the Bitfinex and iFinex ecosystem to reduce costs—like trading, lending, deposit, and withdrawal fees. It was issued on both Ethereum (ERC‑20) and EOS blockchains to provide flexibility across networks.
Origins & Team
The token was launched via a private sale in May 2019, raising $1 billion to help Bitfinex cover financial challenges. Rather than founders, it was created by iFinex (Bitfinex’s parent company) as a strategic financial tool.
Ecosystem & Partnerships
Bitfinex commits at least 27% of its monthly gross revenue to buy back and burn LEO tokens until none are in commercial circulation. They’ve also dedicated recovered funds from previous hacks to accelerate this process—working toward reducing token supply and promoting scarcity.
A Deeper Dive
Popular Exchanges
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