According to Binance, 98% of applications sent to the exchange for new token listings never receive a reply from the company.
Following claims from the CEO of Moonrock Capital — a crypto-native advisory and investment firm — that Binance demanded 15% of an unnamed prospective project’s total token supply to secure a listing on the centralized exchange, Binance co-founder Yi He responded by denying the claims and clarifying Binance’s listing policies.
According to Binance’s co-founder, the company does not charge new projects a percentage of their token supply for listing or a fixed amount. Since 2018, Binance’s listing policy stipulates that all listing fees will be “transparent,” and 100% of the fees are donated to charity. The policy states:
The Moonrock CEO’s claims sparked a debate about the listing fee policies of centralized exchanges — prompting Sonic co-founder and developer Andre Cronje to join the debate and make similar accusations against Coinbase.
