Expanse co-founder claims Binance ask 400 BTC for listing

08 Aug, 2018

by David Robb

News

There are claims that Binance is apparently charging as much as 400 BTC for a listing on its platform. A crypto company CEO tweeted that he'd been quoted this figure by the leading exchange, and many observers have suggested that this might be accurate.

Christopher Franko, the co-founder of the Ethereum-like blockchain platform Expanse, first posted on Twitter that he'd been quoted this extortionate amount to get his project's EXP token listed on Binance.

Just got a new @binance listing quote. 400 BTC
— Christopher Franko 🧐 (@FrankoCurrency) August 8, 2018

Wow was circa $1m previously. Wonder if thats the flatrate or sliding scale depending how big intial "pump" would be.
— CryptoRaider.Uk (@TradinginTime) August 8, 2018

Many commenters initially insisted that this must be inaccurate, maybe as result of some kind of scam, as CZ himself has denied that the exchange asks for listing fees. Franko replied and questioned whether this was true.

He lied. Unless someone who works for him is doing it behind his back. We have contacted them directly multiple times. This is the email of the contact who msged us. oyyq@binance.com Their name is Ashley.
— Christopher Franko 🧐 (@FrankoCurrency) August 8, 2018

Others recognized this as being a predictable outcome of the increased dominance of centralized exchanges like Binance in the crypto space. They took the opportunity to criticize them, and called for more decentralization as the only way forward.

i think they are starting to figure it out
— Christopher Franko 🧐 (@FrankoCurrency) August 8, 2018

.@cz_binance this explains why list so much pump and dump garbage, your pronouncements about discouraging scams are the height of hypocrisy.
— dark pill (@DanDarkPill) August 8, 2018

I can’t wait for decentralized exchanges to become the norm.

Come on @binance @cz_binance , you should take more responsibility in this space, right now, you’re only encouraging the customs in which the investor/traders get’s dumped on. You’re making enough on fees alone.$BTC https://t.co/ZZ9DCnO7hm
— Crypto Accountant (@CryptoCountant) August 8, 2018

Despite the emotional responses from the community and the general anti-Binance sentiment that is clearly on the increase, the jury's still out on whether Franko's claim was accurate.

Hey - as much as i detest such fee's if you are going to go public then at least please screenshot a copy of the email. Then there will be no hiding place for them > come on NEON Exchange, hurry up!
— Mark Cronin (@Markjohncronin) August 8, 2018

Although no direct evidence was provided, a Viacoin developer did get involved with the thread to suggest that the quote of 400 BTC might be plausible.