Crypto founders criticize Binance listing process
Some crypto founders releasing tokens end up giving a portion of the token’s supply to Binance in order to be listed on the exchange. Just don’t call it a listing fee or imply Binance makes money from it.
Binance argues that it does not make money from token listings since it reinvests the assets in its users. It also contests the term “listing fees” to describe its token allocations.
But regardless of how it’s described, and despite the sometimes steep cost of a Binance listing, engaging with the world’s largest exchange is likely still a good business decision for crypto founders.
Three founders granted anonymity to discuss their dealings with Binance told Blockworks that the world’s largest crypto exchange…
