The crypto exchange Coinbase
$1.2B
has announced that it is preparing to list Binance’s BNB
$1,124.20
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
$7.46B
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.
