Coinbase will list Binance Coin (BNB) after seven years, promising zero listing fees amid debate over Binance’s allegedly high charges for altcoin listings. The move, part of Coinbase’s “Blue Carpet Rollout,” contrasts with claims that Binance demands up to 7% of token holdings. Coinbase’s decision highlights BNB’s dominance and challenges Binance’s practices.
The crypto community is debating whether Binance is charging excessive fees for listing altcoins. Competitor Coinbase is going on the offensive and announcing that it will include BNB (Binance Coin) in its portfolio at no extra cost.
For a good seven years, the US crypto exchange Coinbase has refused to allow trading of Binance Coin (BNB) on its platform. Now, with X , it’s reversed course. Coinbase has announced that BNB will be added to the list of cryptocurrencies awaiting listing. However, the decision appears to be influenced less by BNB ‘s rise than by the discussion about potentially excessive listing fees at Binance, the world’s largest crypto exchange.
In recent days, statements like those from CJ Hetherington have been circulating, calculating that crypto projects must spend 7 percent or more of their token holdings to be listed on Binance.
The crypto exchange partially denies these figures via X, and Binance founder Changpeng Zhao (CZ) points out that projects have many options for entering the crypto markets. In the discussion, Coinbase was accused of hypocrisy when Jesse Pollak of Base Blockchain demanded a zero percent listing fee.
In this context, Coinbase has updated its rules for altcoin listing applications under the title ” Blue Carpet Rollout” and assured that, as before, it will not charge any fees. The upcoming integration of Binance Coin is likely intended to serve as a prime example.
In terms of content, the decision was long overdue; Binance Coin, after recent all-time highs, is number three among the most capitalized cryptocurrencies behind Bitcoin and Ethereum. Founder CZ stated on X that the listing of BNB should actually be a “no-brainer,” and that an exchange that forgoes Binance Coin is only hurting itself.
Listing fees are not a new topic for the crypto industry. What’s sometimes overlooked is that exchanges like Binance also run advertising campaigns for new cryptocurrencies, opening doors to millions of potential investors.
Coinbase had long ignored BNB, apparently not wanting to give its major competitor Binance another platform. But given the market penetration of BNB and the associated ecosystem, Coinbase’s position seemed long outdated. Coinbase is now linking the long-overdue listing of Binance Coin with references to listing fees — a clever dig.
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