Binance Co-Founder Yi He Denies Claims of High Listing Fees on the Exchange

The allegations suggested that Binance requires up to 15% of a project's total token supply for a listing, which some view as a significant barrier for new projects seeking to enter the market.

Allegations of High Fees

The CEO emphasized the financial burden this demand placed on projects, noting that it could cost between $50 million and $100 million just for a centralized exchange (CEX) listing.

Such high fees, the CEO argued, not only make listings unaffordable but could also lead to downward pressure on token prices, affecting the overall market negatively. “Something has to change,” he stated.

Yi He Responds to Claims

In response to these allegations, Yi He took to X (formerly Twitter) on November 3, asserting that the claims were part of a strategy to create fear, uncertainty, and doubt (FUD) surrounding Binance. She stated that while such rumors may circulate, they ultimately serve to strengthen the exchange amid what she termed "unfair competition practices."

“Gossip is easy to get traffic, and business competition is always full of dark sides,” Yi wrote. 

She emphasized the importance of independent thinking, advising others not to be swayed by unverified claims. 

Moreover, Yi reiterated Binance's commitment to transparency, stating that any project that does not pass a rigorous screening process will not be listed on the platform. Those interested in airdrop campaigns can collaborate with Binance's Web3 wallet, but automatic listings cannot be expected.

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