LEO Token (LEO) price today
LEO Token (UNUS SED LEO) is the token of the Bitfinex exchange: it grants fee discounts and its supply is reduced by buybacks funded with company revenue.
LEO Token price now
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Market data source: CoinGecko, with a reference USD/BRL rate. Values can lag by a few minutes.
What is LEO Token?
LEO was issued in May 2019 by iFinex, parent company of Bitfinex, in a private sale that raised about $1 billion to strengthen the group's finances.
It is a utility token for customers of iFinex platforms. The full name, UNUS SED LEO, comes from a Latin phrase used in one of Aesop's fables.
How LEO Token works
Customers who hold LEO pay lower trading, lending and withdrawal fees on Bitfinex, in tiers set by the exchange.
iFinex committed to buying tokens back in the market every month with a share of its revenue and destroying them, until none remain in circulation. Burns are disclosed on a public company dashboard.
What LEO is used for
- Fee discounts for Bitfinex customers.
- Indirect exposure to the exchange's revenue through the buyback program.
Risks and points of attention
- Total dependence on a private company with a history of disputes with US regulators.
- Liquidity concentrated on a few platforms, mainly Bitfinex itself.
- Little utility outside the exchange's ecosystem, which does not serve customers in every country.
- The buyback program depends on the company's revenue and decisions.
Key facts
| Symbol | LEO |
|---|---|
| Asset type | Token |
| Launch | May 20, 2019 |
| Issuer or organization | iFinex, parent company of the Bitfinex exchange |
| Network | Token on Ethereum |
Reference data checked on October 3, 2026 against CoinGecko and the project's official pages.
Official links
Frequently asked questions about LEO Token
What does UNUS SED LEO mean?
It is a Latin phrase that can be translated as one, but a lion. It is the token's official name, abbreviated as LEO.
How does the LEO burn work?
iFinex uses part of its monthly revenue to buy LEO back in the market and destroy the tokens, continuously reducing supply.
Do I need to use Bitfinex to hold LEO?
No, the token can be kept in wallets compatible with Ethereum. But the practical benefits only exist for customers of iFinex platforms.
Where does the LEO Token price on this page come from?
The panel shows the LEO price in US dollars and Brazilian reais, with change, volume and market capitalization. Data comes from CoinGecko, uses a reference exchange rate and can lag by a few minutes.