{"id":31921,"date":"2024-11-04T20:00:46","date_gmt":"2024-11-04T17:00:46","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=31921"},"modified":"2024-11-04T16:28:29","modified_gmt":"2024-11-04T13:28:29","slug":"coinbase-claims-300-million-token-listing-fee-sun-and-cronjes-posts-attract-attention","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/coinbase-claims-300-million-token-listing-fee-sun-and-cronjes-posts-attract-attention\/","title":{"rendered":"Coinbase Claims $300 Million Token Listing Fee: Sun and Cronje\u2019s Posts Attract Attention"},"content":{"rendered":"<p>In the crypto world, allegations have emerged that some major centralized exchanges (CEX) are charging fees of up to hundreds of millions of dollars for new token listings. Tron founder Justin Sun claimed that Coinbase requested a total of $330 million to list Tron. Sun said in a post on November 4 that Binance did not charge any fees for the Tron listing, but Coinbase requested 500 million TRX tokens (approximately $80 million) and a $250 million Bitcoin deposit to be held in <strong>Coinbase<\/strong> Custody.<\/p>\n<p>Although there is no evidence for these claims, it stands out as a remarkable development because Coinbase claims that it does not charge fees for new cryptocurrency listings. \u201cAsset listings are free on Coinbase,\u201d Coinbase co-founder and CEO Brian Armstrong said in a statement on Nov. 2.<\/p>\n<p>Binance and Coinbase are among the most popular centralized crypto exchanges worldwide. Binance controls 39.5% of total spot crypto trading volume, while Coinbase has a 6.1% market share, according to CoinGecko data.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/coinbase-claims-300-million-token-listing-fee-sun-and-cronjes-posts-attract-attention\/#Fantom_Listing_Fee_Allegations_Andre_Cronjes_Statement\" title=\"Fantom Listing Fee Allegations: Andre Cronje\u2019s Statement\">Fantom Listing Fee Allegations: Andre Cronje\u2019s Statement<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/coinbase-claims-300-million-token-listing-fee-sun-and-cronjes-posts-attract-attention\/#Binances_Policy_Clarification_after_Coinbase_Allegations\" title=\"Binance\u2019s Policy Clarification after Coinbase Allegations\">Binance\u2019s Policy Clarification after Coinbase Allegations<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Fantom_Listing_Fee_Allegations_Andre_Cronjes_Statement\"><\/span>Fantom Listing Fee Allegations: Andre Cronje\u2019s Statement<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Alongside Tron founder Sun, Fantom Network founder Andre Cronje also said that Coinbase charged various fees to list Fantom. \u201cBinance charged us $0. But Coinbase asked us for $300 million, $50 million, $30 million, and more recently $60 million,\u201d Cronje said in response to Armstrong\u2019s post. Cronje is known for being a respected name in the decentralized finance (DeFi) space, describing the Sonic blockchain as the fastest Ethereum Virtual Machine chain, capable of reaching a final speed of 720 milliseconds per second.<\/p>\n<p>Cronje has previously founded projects such as Yearn.finance and Keep3r Network.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Binances_Policy_Clarification_after_Coinbase_Allegations\"><\/span>Binance\u2019s Policy Clarification after Coinbase Allegations<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Binance has also faced similar allegations, but Binance co-founder Yi He clarified that the company evaluates projects for listing, but does not charge a percentage or flat fee. Binance\u2019s listing policy, which has been in effect since 2018, states that all listing fees are \u201ctransparent\u201d and 100% are donated to charity.<\/p>\n<p>These allegations have sparked discussions about transparency in the crypto market and the high-cost listing practices of centralized exchanges, and could lead to more projects turning to decentralized trading platforms.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the crypto world, allegations have emerged that some major centralized exchanges (CEX) are charging fees of up to hundreds of millions of dollars for new token listings. Tron founder Justin Sun claimed that Coinbase requested a total of $330 million to list Tron. Sun said in a post on November 4 that Binance did<\/p>\n","protected":false},"author":6,"featured_media":30534,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[151,6936,9281,1062,293],"class_list":["post-31921","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-genel","tag-coinbase","tag-coinbase-listing","tag-coinbase-token-listing","tag-justin-sun","tag-tron"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Coinbase Claims $300 Million Token Listing Fee: Sun and Cronje\u2019s Posts Attract Attention - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/coinbase-claims-300-million-token-listing-fee-sun-and-cronjes-posts-attract-attention\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coinbase Claims $300 Million Token Listing Fee: Sun and Cronje\u2019s Posts Attract Attention - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"In the crypto world, allegations have emerged that some major centralized exchanges (CEX) are charging fees of up to hundreds of millions of dollars for new token listings. Tron founder Justin Sun claimed that Coinbase requested a total of $330 million to list Tron. 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