Tron’s Founder, Justin Solar is the newest to affix the itemizing charge battle between crypto exchanges, Coinbase and Binance. Solar shared that Coinbase had requested for 500 million TRX (value $80 million) and deposit of $250 million in Bitcoin in Coinbase Custody however Binance didn’t cost an inventory charge.
Justin Solar shared Coinbase’ Brian Armstrong put up on X about ‘free itemizing’, alongside together with his claims and added that the Bitcoin in Coinbase Custody was apparently “to spice up their efficiency”. He additional refuted Armstrong’s declare by including, “A lot of respect. However that is merely not true”.
Crypto Twitter is abuzz with discussions on Coinbase’s itemizing charge. The controversial debate on itemizing charges for Coinbase and Binance started when Simon, the CEO of Moonrock Capital first wrote {that a} Tier 1 challenge that raised near 9 figures, acquired an inventory supply of 15% of their whole token provide after losing over a 12 months of due diligence with Binance.
I lately spoke with a Tier 1 challenge that raised near 9 figures.
After losing over a 12 months of due diligence with Binance, they lastly acquired an inventory supply.
Binance requested for 15% of their whole token provide.
Think about paying $50–$100M only for a CEX itemizing.
Not…
— Simon (@sjdedic) October 31, 2024
To this, Coinbase CEO Brian Armstrong responded by claiming that “Coinbase’s itemizing charge is 0”.
Quickly, Armstrong’s claimed sparked responses from a number of crypto veterans, with Andre Cronje, director of the Fantom Basis and present chief know-how officer of Sonic Labs (previously Fantom), being one in all them. Cronje dismissed Armstrong’s assertion by saying: Binance didn’t cost it an inventory charge, however Coinbase requested for charges many occasions. “Coinbase has requested us for; $300m, $50m, $30m, and extra lately $60m”, Cronje wrote.
Binance charged us $0.
Coinbase has requested us for; $300m, $50m, $30m, and extra lately $60m.
A lot of respect. However that is merely not true.
— Andre Cronje (@AndreCronjeTech) November 3, 2024
Nonetheless, Armstrong’s stance did discover some assist from different crypto executives because the host of The Ordinals Present, Leonidas admired Coinbase’s place on itemizing charges and shared, “The #1 memecoin on Bitcoin $DOG was airdropped without spending a dime in a volunteer run initiative with no crew allocation or presale however due to our honest distribution now we have no treasury for itemizing charges.”
