Binance and Coinbase Are Under Scrutiny Following the Recent Debate Over CEX Listing Fees
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- Simon Dedic has raised concerns about Binance’s high listing fees.
- Similar complaints have emerged regarding Coinbase from industry leaders.
A recent statement by Simon Dedic, CEO of Moonrock Capital, has ignited a conversation concerning the cost and accessibility of listings on centralized exchanges (CEX).
In a post on social media, he discussed a dialogue with a “Tier 1” project that had raised significant funds but faced hurdles with Binance.
The project received an offer for listing that came with the stipulation – Binance wanted 15% of the total token supply in exchange. span > p >
This demand, according to Dedic, translated into an eye-watering $50-100 million. He remarked: span > p >
“This is not only unfeasible for many projects; it also contributes significantly to chart clutter.” span >
Binance’s Statement – Addressing the Claims
In response, Binance co-founder Yi He quickly contested Dedic’s assertions while emphasizing their stringent screening procedures. She articulated via social media: span > p >
“Any project that does not pass our screening cannot be listed on Binance, irrespective of financial offerings or tokens provided.” span > p >
The executive encouraged the community to examine token distribution details regarding projects listed on Binance for insight into their transparent practices. md_tag >
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