The post Binance, Coinbase come under scrutiny after latest CEX listing fee debate appeared on BitcoinEthereumNews.com.

Simon Dedic accused Binance of charging high listing fees Industry leaders have made similar claims against Coinbase in the past A recent revelation from Simon Dedic, CEO of Moonrock Capital, has ignited a debate over the costs and accessibility of centralized exchange (CEX) listings.  In a post on X, he recounted a conversation with a “Tier 1” project that had raised nearly nine figures, only to find itself at an impasse with Binance. The project received a listing offer, but with a catch – Binance requested 15% of the total token supply in return.  The demand, Dedic explained, equated to a staggering $50–$100 million. He stated, “Not only is this unaffordable for projects, but these tokens are also the biggest reason for bleeding charts.” Binance’s response – A defense against allegations Binance’s co-founder, Yi He, responded swiftly, refuting Dedic’s claims and stressing that the platform’s screening process is uncompromising. She took to X and said, “If a project does not pass the screening process, it cannot be listed on Binance regardless of the amount of money or tokens involved.” The exec urged the community to research token distributions for projects listed on Binance to understand the transparency behind their policies. While Binance’s Launchpool and other listing mechanisms have clear airdrop rules, she clarified that the willingness to offer airdrops does not ensure a project’s approval.  Acknowledging that fear, uncertainty, and doubt (FUD) are constant in crypto, the co-founder encouraged users to think critically. According to the exec, rumors often stem from gossip and competition. Binance’s listing fee AMBCrypto also examined Binance’s 2018 policy shift regarding listing fees. The exchange committed to making all listing fees fully transparent and pledged to donate 100% of them to charity.  Under this policy, project teams are responsible for proposing their own “listing fee,” now referred…

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Filed under: News - @ November 4, 2024 9:24 pm