Binance will start donating listing fees

Binance, currently the most popular cryptocurrency exchange, said in a press release that starting from today, it will make all listing fees transparent and donate 100% of them to charity through Binance's Blockchain Charity Foundation. Binance was often criticized for charging a significant amount to list a token on its platform. According to the press release, Binance will not require a minimum listing fee, but rather it will let each project choose how much they would want to donate. Binance also noted that large donations would not influence the outcome of the listing review process in any way. According to the CEO, Changpeng "CZ" Zhao, previous listing fees won't be published because they have confidentiality clauses. CZ also said on Twitter that the company is working on a charity transparency initiative. (Source: Binance)

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Larry joined crypto research full time in early 2017 and has expertise in capital markets, market structure and early stage DeFi companies/protocols and token economics. He has a background in economics and finance.