Coinbase CEO Brian Armstrong’s free listing policy faces scrutiny as crypto leaders allege hidden listing costs.
High-profile crypto founders report Coinbase’s listing demands include steep deposits and custodial requirements.
The debate over Coinbase’s listing transparency fuels wider industry concerns about hidden costs on top crypto exchanges.
Coinbase’s policy of free crypto listings is being criticized by several high-profile figures in the cryptocurrency industry. They allege undisclosed costs and substantial collateral demands. Despite Coinbase’s stated aim of offering a neutral and open marketplace, these claims have spurred debate, suggesting that listing requirements on the exchange may involve hidden financial commitments.
Coinbase CEO Brian Armstrong has consistently promoted that asset listings on the exchange are free and accessible to any project meeting its standards. According to Armstrong, the platform neither charges listing fees nor imposes additional marketing requirements on crypto projects. However, recent public statements from several prominent crypto leaders have cast doubt on this policy, claiming substantial costs were demanded for listing.
https://twitter.com/brian_armstrong/status/1852768096056139922 Industry Leaders Challenge “No Fee” Claims
Prominent figures in the industry, including Tron founder Justin Sun and Fantom’s Andre Cronje, allege that Coinbase’s listing process includes significant financial requirements. Sun claims that Coinbase requested a 500 million TRX deposit, valued at $80 million, plus an additional $250 million in Bitcoin as collateral to list TRX.
Similarly, Cronje, founder of Sonic Labs, has alleged that Coinbase demanded fees as high as $300 million to secure a listing. These claims contrast sharply with Coinbase’s public stance on free listings and have led to ongoing questions about the platform’s transparency in listing requirements.
Inconsistent Experiences Raise Transparency Concerns
Other industry figures, such as Flare CEO Hugo Philion, have shared contrasting experiences, noting that their projects were listed without incurring fees. Philion’s account aligns with Armstrong’s statements, suggesting that Coinbase’s free listing policy may be applied selectively.
Additionally, Moonrock Capital CEO Simon Dedic highlighted a broader trend across major exchanges where projects face substantial fees or token contributions, though he did not directly implicate Coinbase. These mixed experiences indicate potential inconsistencies in Coinbase’s listing process, with critics arguing that transparency issues may exist.
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