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Coinbase Plans BNB Listing Following Fee Debate With Binance

Key Takeaways

  • ​Coinbase plans to list Binance’s BNB token, following a public debate over listing standards between the two crypto exchanges;
  • CJ Hetherington claimed Binance requires a large security deposit for listings, while Coinbase prioritizes project value on its Base chain;
  • After initial pushback, Binance clarified that it does not charge listing fees, as Coinbase added BNB to its roadmap for future support.

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Coinbase Plans BNB Listing Following Fee Debate With Binance

The crypto exchange Coinbase $3.5B has announced that it is preparing to list Binance’s BNB BNB $1,089.26 token.

This update follows a conversation that raised questions about the listing process for tokens on crypto exchanges.

CJ Hetherington, CEO of Limitless Labs, shared in an October 14 post on X a comparison between what he said were the requirements to be listed on Binance $18.34B and Coinbase.

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According to him, Binance requires a 2 million BNB security deposit to list a token, while Coinbase focuses more on a project’s value to its blockchain, Base.

Jesse Pollak, who leads the Base team at Coinbase, stated that listing a token on an exchange "should cost 0%".

In response, Binance initially called some of Hetherington's claims untrue and harmful. The company also mentioned possible legal action. That post was later removed.

Later, Binance shared a more measured statement. The post said that although the exchange stood by its position, its earlier response had been too aggressive. Binance also explained that it does not charge fees for token listings.

Coinbase also updated its roadmap to include BNB, which means it intends to support the token.

Changpeng Zhao, the former CEO of Binance, welcomed Coinbase's decision. He also encouraged the exchange to support more projects built on the BNB Chain.

On October 3, Coinbase officially applied for a National Trust Company Charter with the US Office of the Comptroller of the Currency (OCC). What does the application cover? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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