Justin Sun, Andre Cronje claim that Binance charges no listing fees at all, while Coinbase charges millions.

Tron founder Justin Sun and Fantom Network founder Andre Cronje claimed that Binance does not charge any fees for token listings. In contrast, Coinbase has charged millions of dollars for similar services, contradicting Coinbase CEO Brian Armstrong’s public statements that listings are free.

The controversy surrounding Coinbase and Binance’s listing fees stemmed from a post by Moonrock Capital CEO Simon Dedic. Dedic expressed dissatisfaction with the practices of cryptocurrency exchanges, particularly Binance.

According to him, projects seeking to be listed on Binance had to undergo ‘one year of due diligence.’ After passing this stage, a significant portion of the project’s total token supply is required as a listing fee.

“Not only is this unaffordable for the project, but these tokens are also the biggest reason for chart hemorrhage,” he said.

In response to Dedic’s post, Armstrong said “asset listings on Coinbase are free” and invited projects to apply through the asset hub.

But Cronze commented on Armstrong’s post and said his experience was different. Coinbase approached his project, Fantom, asking for a listing fee ranging from $300 million to $300 million, with the latest quote being $60 million.

Corroborating Cronje’s claims, Sun revealed that Coinbase had requested 500 million TRX (about $80 million) to list TRON on its platform. He also noted that Coinbase needs to park $250 million in Bitcoin deposits to increase liquidity.

Binance’s He Yi says not all projects can secure listings simply by paying a fee.

Binance co-founder He Yi said that if a project fails the exchange’s rigorous review process, it will not be listed regardless of the financial offer or token percentage offered.

Yi said Binance evaluates projects based on overall quality and potential rather than just willingness to pay. She also noted that while Binance has clear rules regarding airdrops and collaborations, simply offering tokens or airdrops does not guarantee listing.

In response to Yi’s statement, Dedic expressed skepticism about his claim that there are no exorbitant fees for token listings.

“So you’re saying it’s a pure lie and Binance never requested more than 15% of tokens for the project? At the end of the day, it doesn’t matter what you call the fee as long as you get it from hard-working founders,” he said.

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