CandleFocus 'Simply Not True': TRON's Justin Sun Debunks Binance Listing Rumors
2024-11-04
Author: Content Editor
A debate has sparked in the crypto community over alleged listing fees on centralized exchanges like Binance and Coinbase. A venture capitalist claimed that a high-end project received a listing offer from Binance and Coinbase requesting 15% of the project's total token supply, potentially worth up to $100 million. Coinbase CEO Brian Armstrong responded by stating that Coinbase listings are free, but founder of Fantom, Andre Cronje, disputed this claim and said Coinbase had asked for payments ranging from $30 million to $300 million from Fantom. Cronje also mentioned that Binance had never charged Fantom for a listing. TRON founder Justin Sun supported Cronje's stance and alleged that Coinbase required a substantial amount of TRX tokens and a $250 million BTC deposit, while Binance did not impose such fees on TRON. Binance's He Yi clarified that their listing process strictly enforces screening requirements and denied rumors about listing fees, attributing misunderstandings to competition.
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