Coinbase To List Binance Coin (BNB) Amid ‘Listing Fee’ Saga

Crypto exchange Coinbase has announced plans to list the Binance coin (BNB). This comes amid criticism of listing fees, which have put Binance in the spotlight, although the exchange has denied charging listing fees.

Coinbase To List Binance Coin (BNB)

The crypto exchange announced in a blog post that it has added BNB to its listing roadmap, which is usually the first step before it proceeds to list tokens. The exchange noted that the launch of trading for the token is contingent on market-making support and “sufficient infrastructure.”

Notably, Coinbase’s listing of the Binance coin comes amid the listing saga. Crypto community member CJ had called out Binance yesterday for charging listing fees, which it initially denied and threatened legal action. Amid the criticism, Base’s lead developer, Jesse Pollak, who has ties to Coinbase, weighed in on the conversation, stating, “It should cost 0% to be listed on an exchange.”

This prompted a response from crypto influencer Yazan, who asked Pollak why Coinbase hasn’t listed BNB yet, despite Pollak’s claim that exchanges shouldn’t charge for listing tokens. Yazan added that his opinion is “meaningless” unless Coinbase lists BNB, noting that the token is the third-largest crypto by market cap (excluding stablecoins).

Now, the top crypto exchange has coincidentally announced plans to list the Binance coin following Yazan’s statement. It is worth mentioning that Yazan’s statement also prompted a response from Binance co-founder Changpeng “CZ” Zhao, who shared his thoughts on the listing fee saga.

CZ Addresses Listing Saga

He basically opined that projects do not have to pay listing “fees” if they are complaining about them. He further remarked that exchanges will race to list a coin if the project is “strong.” CZ also addressed competitor exchanges, stating that they can choose to charge zero listing fees if they are criticizing other exchanges for charging them.

The Binance founder also noted that crypto exchanges adopt different listing models for several reasons. He added that these models are not “black and white” and that many exchanges adopt a combination of them between spot, futures, and alpha listings.

Meanwhile, after initially outrightly denying charging listing “fees,” Binance clarified that it “does not make money” from the listing process. The exchange explained that all project token allocations go 100% to users through several marketing campaigns it adopts.