Crypto listing debate on major exchanges: "They wanted 300 million dollars"

Simon Dedic, CEO of crypto investment firm Moonrock Capital, said he spoke to a manager of one of the major crypto projects and found out that Binance wanted 15 percent of the token supply for listing. Yi He, co-founder of Binance, described this situation as gossip and FUD. Andre Cronje, founder of Yearn Finance and Falcon, said that Binance did not charge them anything, but Coinbase wanted $300 million for a period. Justin Sun and Brian Armstrong also joined the discussion.

While the coin listings of major cryptocurrency exchanges have always been a subject of discussion, Moonrock Capital's CEO Simon Dedic X made important claims on the subject.

“This system must end now”

Dedic wrote on his personal X account:

“We recently contacted one of the major crypto projects. They told us about Binance's listing process. They said they hadn't received any response for about 1 year and that Binance finally came to them with an offer. Binance demanded 15 percent of the token supply. Imagine that you were asked for 100-150 million dollars for central stock exchange listing. This figure is not payable for projects anyway. That's why there are price declines. This system must change now...”

Andre Cronje: Coinbase wanted $300 million

Andre Cronje, the key name of decentralized finance, co-founder of Fantom and Yearn Finance, stated that Binance did not charge them any fees, but Coinbase wanted 300 million dollars for a period:

“Binance didn't want anything from us, but it happened that Coinbase wanted 300, 50, 30 million dollars. In fact, they even demanded 60 million dollars in the end.”

Justin Sun: Coinbase also asked us for $80 million

TRON founder Justin Sun, who has close ties to Binance's former CEO CZ, also said Binance did not charge them anything:

“We had similar situations. Binance didn't want anything from us. Coinbase, on the other hand, demanded 80 million dollars of Bitcoin to be held in TRX and Coinbase 250 million dollars.