As an experienced analyst with years of observing and navigating the volatile world of cryptocurrencies, I find myself intrigued by this public spat among industry titans. The accusations hurled by co-founders Justin Sun, Brian Armstrong, and CZ have certainly stirred up a storm on social media.
On a popular social media platform, a heated discussion erupted over an alleged listing fee that significant cryptocurrency trading platforms are said to impose. The founders of Binance, Coinbase, and Tron have been publicly exchanging criticisms towards one another concerning this issue.
TRON founder Justin Sun took to X to accuse CoinBase of charging $80 Million from his company as listing fees after Coinbase co-founder Brian Armstrong claimed that asset listings on his exchange are free. Brian was subsequently replying to Simon Dedic, CEO of Moonrock Capital, who had accused Binance of charging them from $50-$100 Million for CEX listing.
I’ve had a conversation with a significant project that nearly reached the billion-dollar mark. After spending over a year undergoing thorough checks by Binance, they were finally extended a listing offer.
— Simon (@sjdedic) October 31, 2024
Justin Sun, the creator of TRON, openly disputed Brian Armstrong’s claim that Coinbase provides free asset listings. Contrary to the assertions made by the Coinbase CEO in his recent statements, Sun disclosed that his interactions with the company involved requests for cash payments.
Appreciate your backing, even coming from a figure who oversees two rival trading platforms. Let’s strive to minimize such “price manipulation incidents” within our sector.
— CZ 🔶 BNB (@cz_binance) November 4, 2024
The founder of Binance (CZ) joined the discussion, expressing gratitude towards Justin for supporting him after the CEO of Coinbase responded publicly to allegations against Binance. Additionally, CZ cautioned against engaging in “quote attacks” on a specific individual (X). This conversation between prominent crypto leaders provided a unique glimpse into the industry as they openly addressed their disagreements.
In a tweet on X, Andre Cronje, co-founder of Sonic Labs, backed up Sun’s remarks by sharing his own experiences with Coinbase’s listing process. According to Cronje, Coinbase asked his team for amounts ranging from $30 million to $300 million.
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2024-11-04 16:56