TRON founder Justin Sun has also disputed Coinbase CEO Brian Armstrong's assertion that the exchange offers free asset listing.
TRON founder Justin Sun has accused Coinbase of requesting a fee of 500 million TRX (about $80 million) for listing TRON’s native token on the exchange.
Sun also claimed that Coinbase requested an additional $250 million worth of Bitcoin pledged to Coinbase Custody to raise the platform’s liquidity levels.
Coinbase CEO Brian Armstrong has stated that the exchange does not charge for token listings, but Sun's claims directly contradict this statement.
He also pointed out that Binance, one of Coinbase’s largest competitors, listed TRON’s native coin without charging listing fees.
Sonic Labs co-founder Andre Cronje further escalated the claims by revealing that Coinbase had approached his teams with listing fees as high as $300 million.
Cronje and Moonrock Capital CEO Simon Dedic also raised concerns about Binance’s practices, with Dedic claiming that Binance asked for 15% of project tokens, which could destabilize project liquidity and create volatility in a new project’s growth.
However, former Coinbase engineer Luke Youngblood dismissed the allegations, saying that Sun and Cronje could’ve been duped by scammers posing as Coinbase employees.
Youngblood insisted that Coinbase has never charged for listings and that they remain committed to ‘fees-free listings.’
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