{"id":141318,"date":"2024-11-04T12:00:36","date_gmt":"2024-11-04T10:00:36","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=141318"},"modified":"2024-11-04T11:57:41","modified_gmt":"2024-11-04T09:57:41","slug":"binance-accused-of-demanding-token-fees-for-listings-co-founder-denies-allegations","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/binance-accused-of-demanding-token-fees-for-listings-co-founder-denies-allegations\/","title":{"rendered":"Binance Accused of Demanding Token Fees for Listings, Co-Founder Denies Allegations"},"content":{"rendered":"<p>This raised questions about the transparency of listing practices at major exchanges. In contrast, Coinbase CEO Brian Armstrong <strong><a href=\"https:\/\/x.com\/brian_armstrong\/status\/1852768096056139922?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1853035845999018291%7Ctwgr%5Edb97a3c3607aeb6feca0d48a2a461cbbbc8e6ea0%7Ctwcon%5Es2_&amp;ref_url=https%3A%2F%2Fwww.crypto-news-flash.com%2Fcoinbase-vs-binance-listing-fees-controversy-explained%2F\" target=\"_blank\" rel=\"nofollow\">stated<\/a> <\/strong>that his platform charges no listing fees.<\/p>\n<p>Andre Cronje, co-founder of Sonic Labs, <strong><a href=\"https:\/\/x.com\/AndreCronjeTech\/status\/1853035845999018291?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1853035845999018291%7Ctwgr%5Edb97a3c3607aeb6feca0d48a2a461cbbbc8e6ea0%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.crypto-news-flash.com%2Fcoinbase-vs-binance-listing-fees-controversy-explained%2F\" target=\"_blank\" rel=\"nofollow\">countered<\/a> <\/strong>Simon\u2019s assertion, stating that Binance did not charge fees for his project, while mentioning that Coinbase had asked for $60 million, potentially for the FTM token. These conflicting claims underscore the complexity and lack of clarity in crypto exchange listing processes.<\/p>\n<p>Binance claims to follow a rigorous evaluation procedure for listings, but Simon\u2019s statement has prompted concerns about possible hidden conditions. Meanwhile, Armstrong\u2019s claim of a fee-free policy at Coinbase contradicts Cronje\u2019s allegations about high fees.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/economist-predicts-bitcoin-could-surge-above-78000-amid-election-results\/\" title=\"Economist Predicts Bitcoin Could Surge Above $78,000 Amid Election Results\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2023\/04\/bitcoin-green-3-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Economist Predicts Bitcoin Could Surge Above $78,000 Amid Election Results<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Understanding these dynamics is vital for crypto projects, as both official policies and informal practices can significantly impact their strategies. In light of the controversy, Binance co-founder Yi He <strong><a href=\"https:\/\/x.com\/heyibinance\/status\/1853089492808384669\" target=\"_blank\" rel=\"nofollow\">clarified<\/a> <\/strong>that the exchange does not require a percentage of tokens or a fixed fee for listings. Since 2018, Binance\u2019s <strong><a href=\"https:\/\/www.binance.com\/en\/support\/announcement\/binance-listing-fee-update-360017664751\" target=\"_blank\" rel=\"nofollow\">policy<\/a> <\/strong>has ensured transparency, stating that all listing fees are donated to charity, with project teams proposing their own \u201cdonation\u201d amounts without a minimum requirement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The crypto community was stirred when Simon, CEO of Moonrock Capital, claimed that Binance requested 15% of a project&#8217;s total token supply for a listing.<\/p>\n","protected":false},"author":3,"featured_media":61455,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[],"class_list":["post-141318","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Binance Accused of Demanding Token Fees for Listings, Co-Founder Denies Allegations<\/title>\n<meta name=\"description\" content=\"The crypto community was stirred when Simon, CEO of Moonrock Capital, claimed that Binance requested 15% of a project&#039;s total token...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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