Representatives cryptocurrency exchange Bitfinex announced that they plan this week to send a portion of the proceeds in a margin trade, to the repayment of the token UNUS SED LEO.

As specified, for the purchase of LEO on the open market is supposed to allocate no less than 27% of such revenues. July 14 on the first redemption token went income from margin trading for the previous 40 days.

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Bitfinex

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As of today, a minimum of 27% of revenues from margin funding activities on Bitfinex will be allocated to UNUS SED LEO token redemptions.

Recall that Bitfinex has been able in may for 10 days to raise $1 billion private sale of tokens LEO issued to cover the $850 million that has been frozen by regulators in the payment processor Crypto Capital Corp. In early July, a crypto currency exchange transferred to the Bank account of the partner Tether $100 million as first part of debt repayment for covering this deficiency of assets

Message Bitfinex will receive on redemption of the token LEO revenue from margin trading appeared first on crypto.by.