Close Menu
Cryprovideos
    What's Hot

    BlackRock Reportedly Concentrating on Main Stake in Upcoming Crypto IPO

    May 29, 2025

    Much less Than 48 Hours Left to Launch – Will MIND of Pepe Be the Subsequent Pepe Coin?

    May 29, 2025

    Ethereum Spot Premium Alerts Energy – $2,800 Resistance In Focus

    May 29, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Crypto News»Binance Founder Responds To $100M Itemizing Charge Controversy
    Binance Founder Responds To 0M Itemizing Charge Controversy
    Crypto News

    Binance Founder Responds To $100M Itemizing Charge Controversy

    By Rubmar GarciaNovember 5, 2024No Comments4 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Over the weekend, Binance and Coinbase had been accused of asking for millionaire charges for token itemizing, igniting a dialogue about itemizing necessities, alternate rivalry, and FUD (concern, uncertainty, and doubt). A number of trade figures weighed in on the matter, together with Justin Solar, Brian Armstrong, and Changpeng Zhao, who denied the claims on Monday.

    Binance Vs. Coinbase Itemizing Charge Controversy

    Two of the world’s largest centralized exchanges (CEXs), Binance and Coinbase, confronted backlash over allegations of millionaire charge necessities for token itemizing. On Thursday, Moonrock Capital’s CEO, Simon Dedic, shared his issues relating to some CEXs’ itemizing necessities.

    In an X put up, Dedic defined that he not too long ago spoke to a Tier 1 venture that raised almost 9 figures. The venture’s group detailed that they obtained a list provide from Binance after “losing over a yr of due diligence” with the alternate.

    Nonetheless, the crypto alternate allegedly requested 15% of the token’s provide to safe the itemizing. Dedic expressed his concern about “paying $50-100M only for a CEX itemizing,” as it might be unaffordable for many tasks, and the donated token provide is “the largest purpose for bleeding charts.”

    Binance

    Moonrock Capital's CEO raises issues about itemizing necessities. Supply: Simon on X

    Many neighborhood members mentioned whether or not the itemizing charge requirement wanted to vary. One consumer argued that if a venture needed to be distributed in a CEX, they need to “need to pay for it.”

    Nonetheless, controversy arose when Coinbase’s co-founder and CEO Brian Armstrong replied to Dedic’s X put up. Armstrong seemingly took a jab at Binance by stating that asset listings on Coinbase had been free.

    Sonic Labs’ founder, Andre Cronje, refuted Armstrong’s declare and revealed that the alternate allegedly requested the corporate for a list charge a number of occasions. Per the put up, Coinbase requested as much as $300 million from Sonic Labs, whereas Binance charged the venture $0.

    Backing Cronje, Tron’s founder Justin Solar shared an identical story. Solar declared that Coinbase’s claims had been “merely not true,” because the CEX had required them to pay 500 million TRX, price round $80 million, and “demanded a $250 million BTC deposit in Coinbase Custody to spice up their efficiency.”

    Solar’s remarks fueled the continued dialogue, with many customers questioning his declare. Others urged that his expertise with Binance would possibly differ from different tasks because the itemizing occurred years in the past.

    Binance Co-Founders Deny The Allegations

    On Monday, Changpeng Zhao, often known as CZ, thanked Solar for his assist. The previous CEO famous the significance of the validation from somebody who runs two competing exchanges. Nonetheless, he expressed his concern in regards to the “quote assaults” throughout the trade.

    Binance

    Zhao responds to itemizing charge allegations. Supply: CZ on X

    Zhao urged his friends to cut back these assaults and requested groups to work on their tasks to safe a list as an alternative of specializing in the exchanges. Furthermore, he highlighted that “Bitcoin by no means paid any itemizing charges.” Solar agreed with CZ, stating, “Specializing in constructing tasks and Bitcoin is what actually issues.”

    Yi He, co-founder and Chief Buyer Service Officer at Binance, additionally denied the allegations, calling them FUD:

    FUD won’t ever go away, however it makes us stronger. Gossip is straightforward to get visitors, and enterprise competitors is all the time stuffed with darkish sides; If you perceive the principles of how the world works, you’ll now not be simply swayed by rumors, and you should have the flexibility to assume independently.

    She defined {that a} venture gained’t get listed if it doesn’t go the screening course of, and the alternate doesn’t cost a “so-called 20%” charge. Yi He additionally remarked that the alternate’s itemizing guidelines are “clear and clear,” together with the airdrop guidelines for Binance’s Launchpool. In the end, she urged the neighborhood to do their analysis when controversy sparks.

    BNB, BNBUSDT, binance

    Binance Coin (BNB) trades at $560 within the three-day chart. Supply: BNBUSDT on TradingView

    Featured Picture from Unsplash.com, Chart from TradingView.com



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    BlackRock Reportedly Concentrating on Main Stake in Upcoming Crypto IPO

    May 29, 2025

    Iguazio and NVIDIA Collaborate to Improve AI Deployment with MLRun and NIM

    May 29, 2025

    SEC Commissioner Hester Peirce Says “We Can’t Ignore It” In Bitcoin 2025 Hearth Speak 

    May 29, 2025

    DeepSeek releases upgraded AI mannequin, claims parity with ChatGPT, Gemini

    May 29, 2025
    Latest Posts

    Dealer Michaël van de Poppe Says Ethereum-Primarily based Altcoin Primed To Do Properly in Coming Months, Updates Outlook on Bitcoin and Sui – The Day by day Hodl

    May 29, 2025

    Bloomberg analyst foresees Meta as trailblazer in company Bitcoin integration

    May 29, 2025

    SEC Commissioner Hester Peirce Says “We Can’t Ignore It” In Bitcoin 2025 Hearth Speak 

    May 29, 2025

    Bitcoin Certain: European Agency K33 Raises $6.2M for Strategic Buys

    May 29, 2025

    BlackRock Bitcoin ETF Investments Have Already Hit a Report Month-to-month Excessive – Decrypt

    May 29, 2025

    Bitcoin ETFs Report Over $4 Billion in Inflows as Institutional Demand Peaks

    May 29, 2025

    High 3 Altcoins to Watch Earlier than Bitcoin’s Subsequent Surge: Nonetheless Early – BlockNews

    May 29, 2025

    K33 Raises $6.2M to Add Bitcoin to Treasury – Bitbo

    May 29, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Bitwise CIO: Crypto Seems to be Like July 2024—Right here's What Occurred Subsequent

    February 26, 2025

    96,180 Solana (SOL) Exit Binance, Staked by Whale

    February 28, 2025

    Coincheck crypto change enters Nasdaq as second publicly traded US crypto change

    December 11, 2024

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.