Performances
RD Popularity Index
RD Growth Index
| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| 0.21% | 0.34% | 0.75% | 4.48% | 1.22% | -- |
Disclosure
Token Information Disclosure
Trading Data Analysis
$222M
$171M
Asset & Security Disclosure
Platform Information Disclosure
Asset List
| Token | 24H Volume | 7D Volume % | Transparency Rating | Label |
|---|---|---|---|---|
| U USDTTether | $49,909,963,435 | 0.02% | A | |
| B BTCBitcoin | $28,789,889,597 | 3.47% | A | |
| U USDCCircle | $12,840,933,286 | 0.01% | A | |
| E ETHEthereum | $11,061,094,193 | 1.21% | A | |
| X XRPRipple | $2,558,963,343 | 2.27% | A | |
| B BNBBinance | $1,476,536,359 | 7.70% | A | |
| Z ZECZcash | $1,211,894,482 | 0.23% | A | |
| N NEARNEAR Protocol | $702,253,339 | 12.02% | A |
Fundraising
Investment
Open Markets
| # | Exchange | Pair | Price | +2% depth | -2% depth | Volume (24h) | volume % |
|---|---|---|---|---|---|---|---|
| 1 | OOKXCEX | LEO/USDT | $6.82 | $36,294 | $34,393 | $1,051,355 | 1008.29% |
| 2 | BBitfinexCEX | LEO/USD | $6.82 | $43,040 | $49,326 | $999,712 | 958.76% |
| 3 | BBitfinexCEX | LEO/USDT | $6.82 | $39,519 | $16,235 | $293,589 | 281.56% |
| 4 | OOKXCEX | LEO/USD | $6.56 | $270 | $680 | $3,689 | 3.54% |
| 5 | LEO/WETH | $6.5 | $53 | $52 | $2,702 | 2.59% | |
| 6 | LEO/WETH | $6.47 | $117 | $117 | $2,224 | 2.13% | |
| 7 | LEO/ZIK | $6.5 | $148 | $147 | $2,217 | 2.13% | |
| 8 | BBitfinexCEX | LEO/BTC | $6.06 | $0 | $0 | $757 | 0.73% |
| 9 | BBitfinexCEX | LEO/BTC | $6.06 | $0 | $0 | $757 | 0.73% |
| 10 | LEO/ZIK | $6.33 | $62 | $62 | $325 | 0.31% |
About Bitfinex
Bitfinex is a long-established cryptocurrency exchange offering spot, derivatives and lending, with deep liquidity for professional traders and institutions. It has long taken part in building crypto market infrastructure.
The project offers web and API-based trading across many pairs and leveraged products, with risk control and security mechanisms. Emphasizing liquidity, order execution and professional tools, it serves users who need trading depth and maintains trust through continued security and compliance investment, making it an exchange aimed at professional users among centralized platforms.
In December 2012, Raphael Nicolle founded Bitfinex in Hong Kong as a peer-to-peer Bitcoin lending platform that soon added exchange trading, becoming one of the earliest major crypto exchanges.
On August 2, 2016, Bitfinex was hacked for about 119,800 BTC (then ~$72M); the platform cut all balances by 36% and issued BFX debt tokens to compensate affected users.
In 2019, after ~$850M at payment processor Crypto Capital was frozen, Bitfinex borrowed from Tether's reserves and sold UNUS SED LEO tokens, raising about $1B to cover the shortfall.
In December 2019, Bitfinex became one of the first major exchanges to support Lightning Network deposits and withdrawals, advancing Bitcoin small-payment use cases at the product level.
In February 2021, Bitfinex and Tether settled the New York AG probe, paying $18.5M, agreeing to quarterly reserve disclosures and a New York ban, without admitting wrongdoing.
In February 2022, the US DOJ arrested Ilya Lichtenstein and Heather Morgan and seized about 94,000 stolen BTC (then ~$3.6B), essentially identifying the 2016 hackers.
In November 2024, Lichtenstein was sentenced to five years and Morgan to 18 months, closing the legal saga of one of crypto's largest thefts, with recovered funds gradually returned.
Buyback and burn: iFinex continuously spends at least 27% of consolidated gross monthly revenue buying LEO on the open market and burning it (running since May 2019), plus 95% of net recoveries from the Crypto Capital case. As of October 8, circulating supply was about 919.86 million tokens, with roughly 8% of the 1 billion issued burned cumulatively.
Hack restitution: On October 6, the U.S. government moved about 264.863 BTC (roughly $23 million) to Coinbase as part of a court-ordered in-kind return of 2016 Bitfinex hack assets to Bitfinex. Bitfinex plans to first redeem Recovery Right Tokens, then direct at least 80% of remaining net proceeds toward repurchasing and burning LEO.
Regulation and price: On May 12, Bitfinex received an El Salvador DASP license, completing its regulated footprint across spot, derivatives and tokenized securities. LEO hit an all-time high near $10.4 in April and traded around $9 in October.
On October 6, 2026, the US government moved 264.863 BTC (about $22.87 million) recovered from the 2016 hack to Coinbase Prime for in-kind restitution to Bitfinex under a 2025 court ruling; about 8.2 BTC had been transferred earlier in April.
Bitfinex plans to redeem Recovery Right Tokens first and then spend at least 80% of remaining net proceeds buying back and burning LEO. LEO's circulating supply fell from 1 billion at the May 2019 sale to 919.86 million on October 8, 2026, a reduction of about 80.1 million tokens (roughly 8%), with monthly burns set at no less than 27% of iFinex's consolidated gross revenue; on October 21 LEO's daily turnover was only about $150,000, almost entirely on its home exchange, against a market cap near $8.2 billion and a rank of 18th. The EU's MiCA transition period ended on July 1, 2026, so German users must confirm venue authorisation.
Bitfinex's Future strategy and roadmap: LEO is priced less by the market than by a formula: iFinex commits at least 27% of consolidated gross monthly revenue to open-market purchases and burns, seven years of which have removed only about 80.1 million tokens, leaving 919.86 million circulating against USD 188,533 of daily turnover — roughly USD 43,000 of market value per dollar traded. The 264.863 BTC return clears Recovery Right Tokens first, with at least 80% of the net then burned, sized by what counts as delivery. Europe is the binding constraint: once the MiCA transition ended, authorisation or a licensed partner mattered more to Bitfinex's revenue base than any further burn.
JL van der Velde is CEO of Bitfinex. Dutch by birth, he went to Taiwan in 1985 to study, then settled in Asia and founded several IT companies; he became CEO in 2013 and has concentrated on the exchange since stepping down as Tether CEO in December 2023.
Paolo Ardoino is CTO. He studied computer science at Genoa, researched military cryptography early on and founded Fincluster in 2013; he joined in 2014 to rebuild the matching engine, became CTO in 2016 and has also been Tether CEO since December 2023. Giancarlo Devasini is CFO: a 1990 medical doctorate from Milan who later founded Point-G and Solo, he became a partner in 2012, led banking relationships and the relocation, and chairs Tether. Claudia Lagorio is COO, joining in 2015 and rising from operations, and is likewise Tether's COO. Raphael Nicolle, a co-founder and Paris IT engineer, built the platform from Bitcoinica code in 2012, stayed as developer until 2017 and remains a shareholder. The technology and finance lines have long been run directly by the above few.
Bitfinex charges 0% maker and 0% taker across spot, margin, derivatives and OTC block trades, with no 30-day volume threshold, VIP tier or token-holding requirement.
Bitfinex Securities charges 0% maker and 0% taker on spot trades, with fiat bank wire deposits and withdrawals at 0.100% (minimum $60 to $100) and express wires at 1.000% (minimum $125).
Bitfinex Securities won El Salvador's first digital asset service provider licence from the National Commission for Digital Assets in April 2023; a derivatives licence followed in January 2025 and a spot exchange licence in May 2026, plus a Kazakhstan Astana International Financial Centre licence.