Binance to Open Data on Listing Charges, Donate Profits to Charities

  • Binance announced that crypto companies will keep suggesting their own fees for being listed on its platform. There will be neither minimum price nor any particular fees

Cover image via U.Today

In its blog on Monday, Binance announced that crypto companies will keep suggesting their own fees for being listed on its platform. There will be neither minimum price nor any particular fees for specific projects.

The exchange wants to give the total amount of the charged funds to its newly organized Blockchain Charity Foundation. All the fees, now donations, will be published on a special website available for everyone.

This move has been caused by the recent issue raised in the media as to how much exchanges charge for listing a coin. Back in spring, Bloomberg stated that this amount was between $1 mln and $3 mln. However, with Binance the case is that it does not add coins to its platform without a prior research.

In late summer, the Binance CEO mentioned on Twitter that they do not “list shitcoins even if they pay 400 or 4,000 BTC.”

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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