- Simon Dedic accused Binance of charging high listing fees
- Industry leaders have made similar claims against Coinbase in the past
A recent revelation from Simon Dedic, CEO of Moonrock Capital, has sparked a debate over the costs and accessibility of centralized exchange (CEX) listings.
In a job on Binance. The project received a listing offer, but with a catch: Binance demanded 15% of the total token supply in return.
The demand, Dedic explained, amounted to a staggering $50 million to $100 million. He declared,
“Not only is it unaffordable for projects, but these tokens are also the main reason for chart bleeding.”
Binance Response – A Defense Against the Allegations
Binance co-founder Yi He responded quickly, refuting Dedic’s claims and emphasizing that the platform’s selection process was uncompromising. She took said,
“If a project does not pass the screening process, it cannot be listed on Binance, regardless of the amount of money or tokens involved.”
The executive urged the community to research token distributions for projects listed on Binance to understand the transparency behind their policies.
Although Binance Launchpool and other listing mechanisms have clear rules regarding airdrops, she clarified that willingness to offer airdrops does not guarantee approval of a project.
Recognizing that fear, uncertainty, and doubt (FUD) are constant in crypto, the co-founder encouraged users to think critically. According to the leader, rumors often come from gossip and competitions.
Binance listing fees
AMBCrypto also examined Binance policy change in 2018 regarding listing fees. The exchange is committed to making all registration fees completely transparent and has committed to donating 100% of them to charity.
Under this policy, project teams are responsible for coming up with their own “referral fees,” now called “donations.” This, without any minimum or specific amount dictated by Binance.
Claims emerge against Coinbase
After Dedic’s post, Coinbase CEO Brian Armstrong joined the discussion and insured community that registrations on Coinbase remain free. He added that Coinbase also supports decentralized exchanges (DEX) as an alternative option for projects.
However, Andre Cronje, co-founder and developer of Sonic Labs, seemed to disagree with Armstrong. He added its own concerns – this time regarding Coinbase.
Source:
Cronje revealed that while Binance was not charging anything for listing its project, Coinbase was asking for amounts ranging from $30 million to $300 million.
Justin Sun, founder of Tron (TRX)Also alleged that Coinbase demanded a payment of 500 million TRX (worth $80 million) and a payment of $250 million Bitcoin (BTC) deposit in Coinbase Custody to improve their performance.
CEX vs. DEX
Despite these recent criticisms, CEXs continue to dominate the trading landscape. According to Messari dataFor example, these exchanges represent around 90-95% of the total volume.
Source: Messari
At press time, CEXs accounted for a share of $17.27 billion, or 94.52% of the total volume of $18.27 billion. Meanwhile, DEXs contributed $1 billion, or 5.48%.
As the crypto community calls for more transparency and fairness, the ongoing debate between CEXs and DEXs may greatly affect the future of digital asset trading.
