Lastly, some works and owners of small crypto-currencies accused that Binance demanded for a 400 Bitcoin listing fee for digital assets to be listed on the platform.
Addressing to CCN, Binance CEO Changpeng Zhao (CZ) briefed that the 400 BTC structure was a perfect created number, the transaction didn’t ever offer any particular number for tasks last era.
CZ mentioned in CCN in an interview, “There were so much incorrect data, rumors and FUD about listing fees. We care about our community and want to address this once and for all”.
Ran Neuner reported that CNBC’s Crypto Exchanger in July about CZ clarification that Binance did not apply registration fees from tasks that should have been listed on the platform. The exchange mentioned many crypto-currencies that didn’t give any registration fee to Binance to manage operating prices that are made in the process of securely listing a token.
CZ reported that the exchange is not paying attention on blockchain tasks willingly serving at registering to Binance, that could lead the team has doubts about the laws of the project.
In 2018 was stated, Binance has been mentioned $200 million profit, most of which mentioned as trading fees for both the crypto and traditional finance sector. registered fees to be charged from every Binance trader whether the trade shows losses even a very small portion of the total profits of the trade would be taken as promulgated in early 2018.
Necessarily, it appears essential for debaters of the trade in order to speculate whether any particular trade in the world market would even ponder earning its positive fame; had been valued for several millions of dollars when billions of dollars had been spent in business by investors, especially new business activity capital orgs outside of the cryptocurrency sector.
The passionate decision of Binance clearly donate all registering fees got by projects that apply to be listed on the trade, donation must be praised, as it develops a previous for other exchanging platforms in the market, particularly minor trades that must be profiting off of listing fees by integrating poor projects with little to zero track record.
To CCN, CZ told that he certainly wishes other trades to follow Binance in charitable registering fees to charity and Binance wishes to set an industry standard.
“I certainly hope so. They copied us on many other things, this will be a good thing to copy. There is no competition in charity”.
The newly introduced Blockchain Charity Foundation which was led by UN Ambassador of Goodwill, Helen Hai, started to progress essentially during these months by positively affecting the globe via crypto and blockchain technology by having the support of UN.
Mark Peter is a full-time member of the reporting team at Bitconews. He is a finance major with one five of writing experience. He has not held any value in Bitcoin or other currencies. He joins Bitconews as a freelance journalist, blogger and forex trader.
Get real time update about this post categories directly on your device, subscribe now.