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.”