Expanse Co-Founder Says Binance Wanted 400 Bitcoin (BTC) To List Token On Exchange


The biggest crypto exchange by global trade volume, Binance can charge 400 BTC ($2.6 million) to list a token on its platform, at least according to Christopher Franko, co-founder of Blockchain platform Expanse.

After submitting a listing request to the exchange this month, Franko got a reply from the Binance team asking for the massive fees 400 BTC to be listed.

This adds fuel to the fire in a broader debate on Binance not following decentralized prnciples. The debate started when Binance revealed a “rough, pre-alpha” demo version of DEX, its own decentralized exchange which could ultimately take over from its current platform.

However, skeptics said that the token can never be decentralized.

https://twitter.com/DecentralizedM1/status/1027462075210186752

Binace reportedly sought to deny the claims, with support staff claiming certain information had come from a “spoofed email.” But Franko is skeptical about those claims.

Franko offered to clear this confusion by asking Binance to provide a real quote. Binance has not replied with a quotation of a revise listing fees yet.

Since becoming the largest exchange in the cryptocurrency industry, Binance has adopted an aggressive expansion program which saw it relocate to Malta and seek to enter various international markets. Fortunes of its own token, Binance Coin (BNB), have also exploded as it has already become the 16th biggest token by market cap which currently sits at a little over $1.2 Billion USD.

At the same time, cryptocurrency community figures like Vitalik buterin have leveled criticism at centralized exchanges like Binance over their corporate practices, including listing fees.

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