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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Author: Zoltan Vardai
