Binance accuses Coinbase of lying about listing fees! CZ and He Yi personally respond, Sun Guabao rebuts Coinbase's claims

In a recent discussion about listing fees on Binance, although nothing has been confirmed, the CEO of Moonrock Capital recently admitted that Binance does indeed charge 10-15% of tokens as listing fees. This statement immediately sparked a debate, with Coinbase CEO Brian Armstrong taking the opportunity to advertise that Coinbase does not charge any listing fees, only to be accused of lying by the founder of Sonic and Justin Sun. The long-unseen CZ and He Yi also responded to the controversy, stating that projects should focus on the product itself rather than getting tangled up with centralized exchanges.

Coinbase Does Not Charge Listing Fees? Sun Yuchen Personally Denounces the Lie

The CEO of Moonrock Capital, Simon, mentioned on Twitter that he recently chatted with a startup that had a financing amount in the near nine digits. During the conversation, he revealed that after nearly a year of due diligence, Binance was finally willing to list the project's token, but the condition was to pay 10-15% of the token as a listing fee. He believed that such stringent conditions needed to be changed, as not all projects could afford to spend $50-100 million just to get their token listed on a centralized exchange.

Seizing the opportunity, Coinbase CEO Brian Armstrong stated on Twitter that listing on Coinbase is free, and also suggested that projects consider the decentralized exchange on Base. However, this statement immediately sparked another round of discussion.

Andre Cronje, the founder of Sonic, commented below stating that Binance had never charged them any fees, while Coinbase kept asking for money. He mentioned that he still respected Brian Armstrong, but what he said was simply not true.

Tron founder Justin Sun took the opportunity to chime in: "Binance charged us $0, while Coinbase demanded 500 million TRX worth $80 million and required us to deposit $250 million worth of BTC in Coinbase Custody to increase liquidity."

CZ Responds to FUD: Bitcoin Has Never Paid Any Listing Fees

The long-lost Binance founder, Changpeng Zhao, came forward to thank an old friend stating: "Thank you for the support and validation from someone who operates two exchanges that compete with Binance, referring to Justin Sun, who has invested in two exchanges, Poloniex and Huobi. However, we should strive to reduce such attacks in the industry." He used Bitcoin as an example to illustrate that projects should focus on the product itself rather than being entangled in whether the token is listed on a centralized exchange.

However, this statement seemed to have ruffled the feathers of Taiwan KOL and Kaspa ambassador MichaelTurtle, who questioned: "Focus on the product itself? Then why does Kaspa have a higher market value, more users, and a more cohesive community, but Binance listed TON's gaming token instead of Kaspa?" It is commonly circulated in the Kaspa community that listing on Binance requires a significant amount of chips, which is why Kaspa has not yet been listed on Binance.

Finally, Binance's current leader, He Yi, also came out to respond to the FUD. She first stated that the amount of chips a project is willing to pay has nothing to do with listing, as projects that fail due diligence cannot be listed regardless of how many chips they offer. She also mentioned that the token distribution details for the listed tokens are clear and can be checked to see if there is a so-called 15% or 20% listing fee.

He Yi also expressed her respect for Andre Cronje, someone who dares to speak the truth in gossip. She said, "FUD will never disappear, but it makes us stronger. Gossip easily gains traffic, and business competition is always filled with darkness; when you understand the rules of how this world operates, you will no longer be easily swayed by rumors, and you will have the ability to think independently."