CZ Claps Back At Critics Over Listing Fees As Coinbase Moves To List BNB ⋆ ZyCrypto

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Amid an industry spat over listing fees, Binance founder Changpeng Zhao (CZ) has fired a salvo at critics, urging them to focus on their projects. Meanwhile, Coinbase is inching toward listing BNB following the launch of “The Blue Carpet,” reiterating that it does not charge application fees.

CZ Bares His Mind On Listing Fees

Binance founder Changpeng Zhao has voiced his opinion on the fierce criticism directed at centralized exchanges for charging fees to list tokens on their platforms. CZ reiterated that projects are not obligated to pay listing fees, noting that valuable projects will naturally garner the support of exchanges.

According to a terse X post, CZ disclosed that exchanges will race to list tokens of valuable projects without requiring any listing fees or airdrops. He added that projects initiating token exchanges to list tokens must reassess their value proposition to prioritize users over trading platforms.

“If you have to beg an exchange to list, then you need to ask yourself why and who is providing value to whom,” said CZ.

Furthermore, the Binance founder extended his tirade to operators of other centralized exchanges, urging them to adopt “focus on treating users well” rather than criticizing competitors. CZ stated that businesses are free to adopt their own business models and have the choice to eliminate all listing and trading fees.

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CZ’s speech follows an industry spat over listing standards with Binance at the center of the storm. Early in the week, Binance denied claims from Limitless Labs CEO CJ Hetherington that it sought payment for listing on its platform.

Jesse Pollak, head of Coinbase’s Base network, argued that all exchange listings “should cost 0%.” However, CZ revealed that listing every token for free has its own drawbacks, potentially amplifying rugpulls and other shady activities. As an added layer of protection, the Binance founder noted that CEXs can use security deposits to stifle the activity of scam projects and protect users.

Coinbase Moves To List BNB

Amid the row, Coinbase disclosed that BNB has been added to its listing roadmap, signaling support for Binance’s native token for the first time. While a clear timeline remains under wraps, Coinbase noted that trading will commence after the establishment of “market-making support and sufficient technical infrastructure.”

Alongside the BNB announcement, Coinbase has introduced “The Blue Carpet,” designed to offer a suite of tools for token issuers, reiterating its commitment to zero-listing fees. Meanwhile, BNB price reacted positively to the Coinbase listing report, climbing by nearly 2% to trade at $1,134.



Source: https://zycrypto.com/cz-claps-back-at-critics-over-listing-fees-as-coinbase-moves-to-list-bnb/