Leading digital asset marketplace, Coinbase, has signaled its intention to include Binance’s BNB token on its platform.
This development surfaces following a public discourse concerning the methodologies employed by various cryptocurrency exchanges when listing new tokens.
Limitless Labs’ CEO, CJ Hetherington, sparked the debate with a recent post on X (formerly Twitter). Hetherington compared purported listing prerequisites for both Binance and Coinbase.
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<p>Hetherington claimed that Binance <strong>demands a substantial BNB deposit of 2 million tokens for a listing</strong>. In contrast, Coinbase <strong>prioritizes a project's contribution to its own blockchain, Base, during their evaluation process</strong>.</p><p>Jesse Pollak, the lead of the Base team at Coinbase, <a target="_blank" rel="nofollow noindex noopener" href="https://x.com/jessepollak/status/1978095944232026236"><strong>asserted</strong></a> <strong>that the expense for token listings on exchanges "should be 0%"</strong>.</p><p><iframe loading="lazy" class="twitter-embed" src="https://platform.x.com/embed/Tweet.html?frame=false&hideCard=false&hideThread=false&id=1978039748565532700&lang=en&theme=light&width=550px" title="Twitter Tweet Embed" width="550px" rel="noindex nofollow" scrolling="no"> </p><p>Binance initially responded to Hetherington's statements by labeling them as inaccurate and potentially damaging. The exchange also hinted at potential legal repercussions. However, that initial response was later deleted.</p><p>Subsequently, Binance <a target="_blank" rel="nofollow noindex noopener" href="https://x.com/binance/status/1978429253524852863"><strong>released</strong></a> a more tempered communication. While reaffirming their stance, the exchange acknowledged that its previous reaction was overly aggressive. Binance further clarified that it <strong>does not impose listing fees for tokens</strong>.</p><p><iframe loading="lazy" class="twitter-embed" src="https://platform.x.com/embed/Tweet.html?frame=false&hideCard=false&id=1978429253524852863&lang=en&theme=light&width=550px" title="Twitter Tweet Embed" width="550px" rel="noindex nofollow" scrolling="no"></p><p>Coinbase subsequently <a target="_blank" rel="nofollow noindex noopener" href="https://x.com/CoinbaseMarkets/status/1978502506025025557"><strong>updated</strong></a><strong> its asset roadmap to include BNB</strong>, indicating their intent to provide support for the cryptocurrency.</p><p>Changpeng Zhao, Binance's former CEO, <a target="_blank" rel="nofollow noindex noopener" href="https://x.com/cz_binance/status/1978688187611398169"><strong>expressed his approval</strong></a> of Coinbase's decision. He also <a target="_blank" rel="nofollow noindex noopener" href="https://x.com/cz_binance/status/1978732527637626896"><strong>encouraged</strong></a> Coinbase to extend its support to a wider range of projects built on the BNB Chain.</p><p><iframe loading="lazy" class="twitter-embed" src="https://platform.x.com/embed/Tweet.html?frame=false&hideCard=false&id=1978502506025025557&lang=en&theme=light&width=550px" title="Twitter Tweet Embed" width="550px" rel="noindex nofollow" scrolling="no"></p><p>In related news, Coinbase formally submitted its application to the US Office of the Comptroller of the Currency (OCC) on October 3, seeking a National Trust Company Charter. Want to know the details? <a href="https://www.bitdegree.org/crypto/news/coinbase-to-secure-trust-charter-rejects-traditional-bank-role"><strong>Get the whole story here</strong></a>.</p>
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