Recently, the CEO of Moonrock Capital stirred up a conversation on Twitter by accusing Binance of imposing hefty fees for project listings. This sparked a lively debate among key figures in the cryptocurrency community, who shared a range of perspectives on the implications for decentralized projects on centralized platforms like Binance and Coinbase.
In response to these claims, Yi He, Binance’s co-founder and chief customer service officer, took to her X account to clarify the listing process. She emphasized that no amount of money can secure a listing if a project fails to meet Binance’s stringent screening criteria.
Yi He also encouraged the community to conduct their own research (DYOR) on listed projects, especially regarding claims of needing to give up a significant share of their tokens.
Simon, the CEO of Moonrock Capital, had alleged that a top-tier project had been stuck in due diligence for a year while trying to get listed on Binance and claimed that the exchange demanded a 15% stake in the project’s tokens.
In her post, Yi He acknowledged that while fear, uncertainty, and doubt (FUD) are part of the industry, they ultimately strengthen the company. She also clarified that a project could still be listed even if it holds 20% of its tokens.
The community’s reaction has been robust, with figures like Andre Cronje, co-founder of 0xSonicLabs, stating that while Coinbase requested payments, Binance did not charge them anything.
Yi He highlighted this sentiment in her response. Additionally, Michael van de Poppe, founder of MNA Capital, suggested that such controversies could lead more users to explore decentralized exchanges. Meanwhile, other centralized exchanges like Bybit and KuCoin have yet to weigh in on the matter.
