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Bitfinex | Leo | Exchange Token | Cryptocurrency | Cryptocurrency exchange

Amidst much contemplation, cryptocurrency exchange Bitfinex will list its new exchange token, LEO, on Monday after reportedly raising $1 billion from the initial offering.

Announcing the development on Friday, Bitfinex added that upon listing LEO on its platform, the token will be tradeable against bitcoin, the U.S. dollar, the tether stablecoin, ether, and EOS. Apparently, the token’s full name, UNUS SED LEO is carried from its formal issuer. 

The rumors about the token sale initially surfaced last month to make up for an $850 million shortfall in funds. The exchange’s chief technology officer, Paolo Ardoino, previously stated that Bitfinex closed the $1 billion sales last week, with investments apparently ranging from $1 million to $100 million.

The buyer of the fundraising round wasn’t immediately clear, though, on Friday Bitfinex ...

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