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=”https://medium.com/binance 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

Alibaba Cloud teams up with crypto blockchain Avalanche

In order to offer developers a secure, fast network, Alibaba Cloud has integrated Avalanche's blockchain into its services.

Crypto report: Gemini investors owed $900m by Genesis

According to clients familiar with the situation, crypto lending platform Genesis owes $900 million to Gemini Earn users.

Australians could add billions to their GDP with digital assets

According to a newly released report, Australians could save billions of dollars in banking and administrative costs by using digital...

92% of Australians know about cryptocurrency

According to research conducted by the Independent Reserve Cryptocurrency Index, 92% of Australians are familiar with cryptocurrencies.

See All