Discussion of crypto listing on major exchanges: “They wanted $300 million”

Simon Dedic, CEO of crypto investment firm Moonrock Capital, said he spoke with an executive of one of the major crypto projects and learned that Binance wanted 15 percent of the token supply for the listing. Binance co-founder Yi He called this rumor and FUD. Yearn Finance and Falcon founder Andre Cronje said that Binance did not charge them any fees, but Coinbase asked for $300 million at one point. Justin Sun and Brian Armstrong also joined the discussion.

Discussion of crypto listing on major exchanges: “They wanted $300 million”

While the listing of coins by major cryptocurrency exchanges has always been a subject of debate, Moonrock Capital CEO Simon Dedic made important claims on the subject via X.

“This system must end now”

Dedic wrote the following on his personal X account:

“We recently contacted one of the major crypto projects. They told us about Binance’s listing process. They said they hadn’t received any response for about a year and finally Binance came to them with an offer. Binance asked for 15 percent of the token supply. Imagine being asked for 100-150 million dollars for a centralized exchange listing. This figure is already unpayable for projects. That’s why prices are falling. This system must change now…”

Andre Cronje: Coinbase asked for $300 million

Andre Cronje, an important name in decentralized finance and one of the founders of Fantom and Yearn Finance, stated that Binance did not charge them any fees, but Coinbase did ask for $300 million at one point:

“Binance did not ask for anything from us. But Coinbase asked for $300, $50, $30 million. They even asked for $60 million last time.”

Justin Sun: Coinbase also asked for $80 million from us

TRON founder Justin Sun, who has close relations with Binance’s former CEO CZ, also said that Binance did not charge them any fees:

“We had similar situations. Binance did not ask for anything from us. Coinbase requested $80 million in TRX and $250 million in Bitcoin to be held at Coinbase”

Binance founder Yi He: Gossip attracts attention

Binance co-founder and CZ’s ex-wife Yi He stated that what was being said was just gossip:

“No matter how much money a project has, if it does not meet certain criteria, it will not be listed on Binance. Our airdrop rules are clear and transparent. FUD never goes away. In fact, it makes us stronger. Gossip attracts attention and competition between companies has dark sides. When you understand the rules of how the world works, you will no longer be easily guided by gossip and you will have the ability to think independently”

Brian Armstrong: It is free at Coinbase

Coinbase CEO Brian Armstrong stated that listings are free at Coinbase, but did not respond to other claims:

Asset listings are free at Coinbase. Send a request to the Asset Department and wait for a response from us. And yes, decentralized exchanges are also an important option and we already support such products.”

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