Binance Fee Update: All token listing fees will be disclosed and donated to charity

Binance has announced that it will be disclosing all token listing fees and donating the funds to charity.

The world’s leading cryptocurrency a href=” exchange binance-listing-fee-update-d512982722ce”> posted a “Listing Fee Update” in a blog post today. The announcement, written by the CEO Changpeng ‘CZ’ Zhao explains that if a project would like to be listed on the company’s platform, they need to propose a ‘fee’ for listing. According to the announcement:

“Project teams will still propose the number they would like to provide for a “listing fee,” or now more appropriately called a “donation.” Binance will not dictate a number, nor is there a minimum required listing fee.”

It was emphasized that bigger ‘donations’ will not ensure that a project gets listed on the platform:

“Binance will continue to use the same high standard for the listing review process. A large donation does not guarantee or in any way influence the outcome of our listing review process.”

In August, Christopher Franko – the CEO of cryptocurrency Expanse – claimed that Binance was charging 400 Bitcoin for him to list is project.

As a response, CZ tweeted shutting down the claims, stating that Binance would not quote fees via email. Since then, Franko and the company have been holding their own positions on the matter.

Related Articles

The US Treasury suggests a CBDC could rattle banks

According to a study by the United States Treasury, a CBDC or stablecoin might destabilise the banking system.

US Senator attempts to ban CBDC with new legislation

United States Senator Ted Cruz has introduced a new bill that aims to prevent the launch of a central bank digital currency (CBDC) in the...

The top three privacy-focused cryptocurrencies

Privacy cryptocurrencies are designed to offer the greatest anonymity and security possible with untraceable transactions.

Anchorage announces layoffs amidst regulatory uncertainty

Another cryptocurrency firm has announced that it will be reducing its workforce to better focus resources.

See All