Recently, Binance Co-founder Yi He responded to allegations by the CEO of Moonrock Capital regarding high listing fees, stating that these claims create FUD around Binance.
Allegations of High Fees
The CEO of Moonrock Capital shared an experience with a Tier 1 project that spent over a year conducting due diligence with Binance. After the process, the project allegedly received a listing offer that included a request for 15% of its total token supply. According to the CEO, this poses a significant financial burden, estimated at $50-100 million or more, affecting token prices market-wide.
Yi He Responds to Claims
In response to the allegations, Yi He asserted that these are tactics to create FUD around Binance. She emphasized independent thinking and warned against being swayed by unverified claims. Binance maintains a policy of transparent fees since 2018, allowing projects to propose a 'donation' directed entirely to charity with no minimum fees imposed.
Support from Industry Leaders
Coinbase CEO Brian Armstrong also commented, noting asset listings on Coinbase are free. Meanwhile, Andre Cronje publicly supported Yi He, stating Binance charged $0 for listing his project, while Coinbase requested high listing fees.
The allegations of high listing fees have stirred reactions in the cryptocurrency community. In light of these claims, various industry leaders have shown support for Binance, questioning the practices of other centralized exchanges.
