LEO Surges as Bitfinex’s Fee Cut Highlights Exchange Competition

LEO, the native token of the iFinex — the parent company of Bitfinex and Tether — outperformed the broader cryptocurrency market on Friday, Dec. 19 following Bitfinex’s decision earlier this week to scrap all trading fees.

The token is currently changing hands at $7.40, up 11% on the day, according to data from CoinGecko, pushing it into the top gainers today. The surge follows a few days of losses for the token, which was trading as high as $9.51 just a week ago.

To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io