The post Coinbase vs Binance: Listing Fees Controversy Explained appeared on BitcoinEthereumNews.com.

Moonrock Capital CEO claims Binance asked a Tier 1 project for 15% of its total token supply for listing. Andre Cronje refutes claims, mentioning Binance didn’t charge fees but Coinbase requested $60 million for FTM token listing. Simon, the CEO of Moonrock Capital, recently started conversations in the crypto community when he disclosed that a Tier 1 project got a request from Binance for listing, with a major condition: the contribution of 15% of the entire token supply. This assertion attracted quick attention and sparked discussions about the openness of listing policies among main exchanges. On the other hand, stressing that their procedure is open and fee-free, Coinbase CEO Brian Armstrong said that Coinbase does not collect fees for listing coins. Andre Cronje Challenges Binance Fee Allegations, Highlights Coinbase Request  Andre Cronje, co-founder of Sonic Labs, quickly refutes Simon’s assertions and points out that Binance did not charge his project any fees, therefore countering this. More importantly, Cronje noted that Coinbase lately asked for $60 million, maybe in reference to the FTM coin. Binance charged us $0. Coinbase has asked us for; $300m, $50m, $30m, and more recently $60m. Lots of respect. But this is simply not true. — Andre Cronje (@AndreCronjeTech) November 3, 2024 The contradictory stories among leaders from different industries highlight the complexity and occasionally opaque nature of crypto exchange listing procedures. Binance is well-known for its thorough screening procedure, which evaluates legal, compliance, and technical requirements. Although Binance says their listing process is based on the merit and viability of a business, reports such as Simon’s raise concerns over possible hidden requirements connected with listing on the site. Concurrently, Coinbase’s token listing approach is under investigation. Armstrong’s guarantee that Coinbase does not charge fees conflicts with Cronje’s claim on the large amount the exchange requests for…

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Filed under: News - @ November 4, 2024 8:23 am