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Coinbase hit with $300M token listing allegations by Sun and Cronje

The rumors around the alleged listing fees could drive projects to decentralized trading platforms.

Some of the largest cryptocurrency exchanges allegedly ask for up to hundreds of millions of dollars for new token listings.

According to Tron founder Justin Sun, Coinbase allegedly asked for $330 million in total fees to list Tron (TRX). Sun posted on X on Nov. 4 that while Binance did not charge any fee, Coinbase requested 500 million TRX tokens (valued at around $80 million) and a $250 million Bitcoin deposit to be held in Coinbase Custody.

Coinbase listing fee allegations. Source: Justin Sun

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From Premiums to Discounts: Bitcoin’s Wild Ride Splits Global Markets

HashKey adds AVA and LINK trading for Hong Kong retail investors

Previously, Hong Kong crypto buyers worth less than $1 million only had Bitcoin and Ether to choose from.

Retail cryptocurrency investors in Hong Kong have expanded investment options with the approval of the listing of the Avalanche and Chainlink coins on Hashkey, one of only two fully licensed exchanges in the jurisdiction. Until now, retail offerings in Hong Kong were limited to Bitcoin and Ether.

Professional investors — individuals with a portfolio worth at least 8 million Hong Kong dollars (slightly more than $1 million) or representatives of financial institutions — have a much wider selection of cryptocurrencies to choose from.

Avalanche (AVAX) and Chainlink (LINK) are available to retail on Hashkey for trading against the US dollar. HashKey CEO Livio Weng told the South China Morning Post that those coins were chosen for listing because there are no legal conflicts surrounding them, unlike many cryptocurrencies with larger market caps.

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From Premiums to Discounts: Bitcoin’s Wild Ride Splits Global Markets

Johannesburg Stock Exchange Rejects Bitcoin ETF Application, Cites Lack of Regulatory Framework

Johannesburg Stock Exchange Rejects Bitcoin ETF Application, Cites Lack of Regulatory FrameworkSouth Africa’s Johannesburg Stock Exchange (JSE) has rejected a request by the asset management firm, Sygnia, to list a new bitcoin exchange-traded fund (ETF). In justifying its rejection of the latest proposal by Sygnia, the JSE cites the “lack of a regulatory framework for cryptocurrencies as the reason.” Unexpected Rejection Meanwhile, a report suggests that […]

From Premiums to Discounts: Bitcoin’s Wild Ride Splits Global Markets