‘Secret’ Coinbase, Binance listing fees spark heated debate
Coinbase and Binance’s claims to offer zero-fee listings have been called into question by big-name players in the crypto industry who say both exchanges have charged tens of millions of dollars for listings. Late last week, Moonrock Capital CEO Simon Dedic wrote on X (formerly Twitter), about a “tier 1” crypto firm that he says, after a year of “due diligence,” was told to pay a sum equivalent to 15% of its token supply to list on Binance. Dedic said, “Imagine paying $50–$100 million just for a CEX listing.” This prompted Coinbase CEO Brian Armstrong to proclaim, “Asset listings on Coinbase are free.” What followed was an industry-wide back-and-forth about the legitimacy of this statement. Andre Cronje, Chief Technology Officer at Sonic Labs, weighed in to point out that Binance charged his firm nothing . “Coinbase has asked us for; $300 million, $50 million, $30 million, and more recently, $60 million,” he said. Tron creator Justin Sun also said ...