Crypto exchanges Coinbase and Binance are in hot water after industry executives accused the exchanges of charging exorbitant listing fees.
Simon Dedic, the co-founder of Moonrock Capital, ignited controversy on Oct. 31 after claiming that Binance demanded 15% of a token’s total supply as a listing fee.
“I recently spoke with a Tier 1 project that raised close to nine figures,” Dedic tweeted. “After wasting over a year of due diligence with Binance, they finally received a listing offer. Binance asked for 15% of their total token supply. Imagine paying $50–$100M just for a CEX listing.”
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