Recently, allegations surfaced accusing Binance of charging exorbitant listing fees, sparking discussions within the cryptocurrency industry.
Allegations of High Fees
The CEO of Moonrock Capital shared an experience with a Tier 1 project that reportedly spent over a year in due diligence with Binance. Following this, Binance allegedly proposed a listing offer demanding 15% of the project's total token supply. Such high fees are considered a financial burden and may negatively affect token prices.
Yi He Responds to Claims
Binance co-founder Yi He stated that the claims were designed to create doubt around Binance. She emphasized the importance of independent thinking and cautioned against believing unverified claims. Yi reiterated Binance's commitment to transparency, stating that projects must pass a rigorous screening process. She also highlighted that Binance does not impose minimum fees and any 'donations' go entirely to charity.
Support from Industry Leaders
Coinbase CEO Brian Armstrong commented that Coinbase asset listings are free. In contrast, Andre Cronje and Justin Sun shared their experiences, supporting Yi He and asserting that Binance charged no fees for their project listings, while Coinbase imposed significant deposit requirements.
Allegations against Binance have stirred discussions in the industry. While some voice concerns over high fees by other exchanges, Binance co-founder Yi He emphasizes the platform's commitment to transparency and fair competition.
