CZ's Explanation of Binance's Altcoin Listing Fees

Recently, discussions have intensified in the world of cryptocurrency regarding altcoin listings. Binance, which is at the center of these debates, drew attention through its founder Changpeng Zhao (CZ), who provided a firm response on the matter. CZ stated that strong projects do not request listing from exchanges, and that exchanges are competing to list these projects.

In response to claims made by CJ Hetherington, CEO of Limitless Labs, that "Binance demands a high percentage of tokens from projects," CZ replied through a statement on social media. Zhao stated, "If your project is strong, you don't need to pay exchanges; they will compete to list your coin." He emphasized that Binance prioritizes user satisfaction in this process.

Binance’s co-founder Yi He also participated in the discussions, stating that all collateral is refunded under listing agreements. Yi He explained that the marketing budgets taken from projects are used in activities such as Binance Square tasks, Binance Academy content, and trading competitions. Binance expressed that all activity reports are shared with project teams and that the details regarding spot and Alpha airdrop are communicated transparently.

CZ concluded his statement by saying, “Focus on how you add value to your own users, not on what competing exchanges are doing.” He also advised dissatisfied investors to use decentralized exchange (DEX) options. Believing that every business in the sector can operate freely on its own model, CZ continues to offer new opportunities to investors.