TRON founder Justin Sun recently claimed that while Binance did not charge listing fees for TRX, Coinbase demanded 500 million TRX (approximately $80 million) and $250 million worth of Bitcoin deposits on Coinbase Custody to improve the performance of its platform.
Justin Sun Claims Coinbase Demanded $80M TRX Fees and $250M BTC Deposits, Highlights Binance's Zero Fee Policy
Binance charged us $0.
Coinbase required us to pay 500 million TRX (worth $80 million) and demanded a $250 million BTC deposit in Coinbase Custody to boost their performance.
Lots of respect. But this is simply not true. https://t.co/faEgtGLLhW
— H.E. Justin Sun🌞(hiring) (@justinsuntron) November 4, 2024
Sun's statement highlights a key difference in listing requirements between the two major exchanges.
Referring to other recent listings, Sun noted that Scroll offered 5% of its token supply for airdrops after listing on Binance, and the TON Foundation also offered 7.65 million TON tokens for similar promotional initiatives.
Sun’s views bring to the fore an ongoing debate about transparency in exchange listing fees and requirements, particularly for high-profile tokens looking to increase their visibility on major platforms.
*This is not investment advice.
