A scorching new debate has emerged within the crypto group relating to alleged itemizing charges on centralized exchanges – particularly Binance and Coinbase. All of it started with one of many enterprise capitalists sharing the main points of a dialog with a high-end challenge that reportedly obtained an inventory provide requesting 15% of the challenge’s complete token provide, an quantity doubtlessly value as much as $100 million. The enterprise capitalist claimed that such calls for are unaffordable for many initiatives and are the principle cause why costs go down after listings.
Coinbase CEO Brian Armstrong responded, highlighting that Coinbase listings are free, inviting initiatives to use by means of the trade. Nonetheless, this assertion confronted pushback from Andre Cronje, founding father of Fantom, who disputed the declare, revealing Coinbase had requested Fantom for funds starting from $30 million to $300 million over time.
Binance, alternatively, in line with Cronje, had by no means charged Fantom for an inventory, contrasting his expertise with the trade with Armstrong’s place.
Precisely the identical scenario with us.
Binance charged us $0.
Coinbase required us to pay 500 million TRX (value $80 million) and demanded a $250 million BTC deposit in Coinbase Custody to spice up their efficiency.
A lot of respect. However that is merely not true.
— H.E. Justin Solar🌞(hiring) (@justinsuntron) November 4, 2024
Cronje’s stance gained backing from TRON founder Justin Solar, who reported related points with Coinbase, alleging that they required a considerable quantity of TRX tokens and a $250 million BTC deposit in Coinbase Custody for efficiency functions. Solar emphasised that Binance had by no means imposed such charges on TRON, contrasting Coinbase’s method.
Binance speaks
Lastly, following these revelations, Binance’s He Yi, cofounder and chief customer support officer, offered clarification on the trade’s itemizing course of. In accordance with Yi, Binance’s itemizing standards are strictly enforced, with no amount of cash or tokens in a position to override their screening necessities.
She urged that hypothesis and rumors about Binance’s itemizing charges are unfounded and that enterprise competitors can typically give rise to misunderstandings.
