Anewdebatehaseruptedinthecryptocurrencyindustryoverthecostsassociatedwithlistingtokensonmajorcentralizedexchanges(CEXs).

TheissuegainedfurtherimportanceafterMoonrockCapitalCEOSimonmadestrikingclaimsregardingatop-tierproject’sattempttolistonBinance.

AccordingtoSimon,theproject,whichraisedaroundninefiguresinfunding,wasaskedtoprovide15%ofthetotaltokensupplyinexchangeforlisting.

SimonClaimsListingFeesAskedbyExchangesCauseNewAltcoinstoFall

“AfteroverayearofduediligencewithBinance,theyfinallyreceivedalistingoffer.Binancewanted15%ofthetotaltokensupply.Imaginepaying$50-100millionjustforaCEXlisting.Notonlyisthisunaffordableforprojects,butitisalsothebiggestreasonthesetokensarefallingonthecharts.Somethingneedstochange,”Simonshared.

Thisstatementhassparkeddifferingviewpointswithinthecryptocommunity,especiallyafterCoinbaseCEOBrianArmstrongrespondedbyclaimingthatCoinbasedoesnotchargefeesforassetlistings.“AssetlistingsonCoinbasearefree,dropusanoteviaourAssetCenterandwe’llseeifwecanhelp,”Armstrongsaid.

However,AndreCronje,awell-knownnameinthedecentralizedfinance(DeFi)spaceandassociatedwithprojectslikeFantom(FTM),disputedArmstrong’sstatement.Recountinghispastexperiences,CronjeclaimedthatBinancedidnotchargeanylistingfees,whileCoinbasedemandedsignificantamounts.“Binanceaskedusfor$0.Coinbaseaskedusfor$300million,$50million,$30million,andfinally$60million.Ihavealotofrespectforyou.Butthisisabsolutelynottrue,”hesaid.

*Thisisnotinvestmentadvice.

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