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UNUS SED LEO Contracts Listed on Delta Exchange
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Complete details of the futures and perpetual contracts on LEO that are listed on Delta Exchange are available below.
UNUS SED LEO (LEO) is a utility token issued by iFinex, the owner of Bitfinex, a leading exchange that offers spot and margin trading of cryptocurrencies.
LEO token will have utility across the entire iFinex ecosystem including Bitfinex. Token holders will also receive benefits from futures products and services of iFinex. Initially, LEO token holders will receive the following benefits: (a) taker fee reduction, (b) lending fee reduction and (c) discount on withdrawal fees.
Additionally, the company has committed to using at least 27% of its revenues every month to buy back LEO from the market. This will continue in perpetuity until there are LEO tokens left in circulation.
You can margin trade UNUS SED LEO on Delta Exchange using our derivative (i.e. futures and perpetual) contracts. This means that you can go long or short LEO with leverage.
You can directly buy or sell LEO. This is called spot trading of LEO. If you buy low and sell high, you will make profit. However, this trade only works when LEO price goes up. Further, leverage trading is not possible in spot trading.
LEO margin trading through derivatives addresses these shortcomings. The LEO futures and perpetual contracts enable you to go benefit from both up and down move in LEO. Further, these derivative contracts have built-in leverage, enabling you to trade big with small capital.
Starting trading on Delta Exchange is a breeze. Here’s how you can make your first LEO trade on Delta Exchange:
Delta Exchange offers trading in Bitcoin futures and futures on over 50 DeFi and altcoins. Crypto futures offer all the features of margin trading and are generally superior to margin trade. The futures on Delta Exchange provide: (a) up to 100x leverage vs. 3-5x available in margin trading , (b) ability to go both long, (c) tighter spreads and deeper orderbooks and (d) lower trading fees.
Delta Exchange is a crypto derivatives exchange and supports trading of Bitcoin futures and futures on over 50 top DeFi coins and altcoins. The exchange also offers options on Bitcoin, Ether, Litecoin, Link and BCH. Additionally, Delta lists a wide array of innovative derivative contracts that include DeFi Index futures, calendar spread contracts, interest rate swaps and MOVE options (straddles which can be used to speculate on volatility). The complete list of crypto derivatives that are listed on Delta Exchange is available here.
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