{"id":18292,"date":"2024-11-04T10:37:56","date_gmt":"2024-11-04T08:37:56","guid":{"rendered":"https:\/\/forklog.com\/en\/justin-sun-reveals-coinbases-listing-fees\/"},"modified":"2024-11-04T10:37:56","modified_gmt":"2024-11-04T08:37:56","slug":"justin-sun-reveals-coinbases-listing-fees","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/justin-sun-reveals-coinbases-listing-fees\/","title":{"rendered":"Justin Sun Reveals Coinbase&#8217;s Listing Fees"},"content":{"rendered":"<p>The cryptocurrency exchange Coinbase requested 500 million TRX (~$80 million) and a $250 million bitcoin deposit from Tron founder Justin Sun for a listing. The businessman disclosed this on X.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Binance charged us $0.<\/p>\n<p>Coinbase required us to pay 500 million TRX (worth $80 million) and demanded a $250 million BTC deposit in Coinbase Custody to boost their performance.<\/p>\n<p>Lots of respect. But this is simply not true. <a href=\"https:\/\/t.co\/faEgtGLLhW\">https:\/\/t.co\/faEgtGLLhW<\/a><\/p>\n<p>\u2014 H.E. Justin Sun?(hiring) (@justinsuntron) <a href=\"https:\/\/twitter.com\/justinsuntron\/status\/1853317167946842175?ref_src=twsrc%5Etfw\">November 4, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>He added that Binance listed his company&#8217;s digital asset for free. <\/p>\n<p>Sun&#8217;s statement was a response to a post by Coinbase CEO Brian Armstrong, who mentioned free listings on the exchange. <\/p>\n<p>The discussion was <a href=\"https:\/\/x.com\/sjdedic\/status\/1852049944380932142\">initiated<\/a> by Moonrock Capital&#8217;s head, Simon Dedic. Referring to an unnamed Tier1 project valued at &#8220;almost nine figures,&#8221; he claimed that Binance allegedly demanded 15% of the total token supply after due diligence, followed by a listing offer. <\/p>\n<p>SonicLabs co-founder Andre Cronje also complained about Coinbase&#8217;s listing fees. He stated that the platform asked for amounts ranging from $60 million to $300 million, without providing further details. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Binance charged us $0.<\/p>\n<p>Coinbase has asked us for; $300m, $50m, $30m, and more recently $60m.<\/p>\n<p>Lots of respect. But this is simply not true.<\/p>\n<p>\u2014 Andre Cronje (@AndreCronjeTech) <a href=\"https:\/\/twitter.com\/AndreCronjeTech\/status\/1853035845999018291?ref_src=twsrc%5Etfw\">November 3, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Previously, Sun was elected as the Prime Minister of the self-proclaimed microstate of Liberland.<\/p>\n<p>In July, analysts at Arkham Intelligence <a href=\"https:\/\/forklog.com\/en\/news\/arkham-assesses-justin-suns-cryptocurrency-holdings\">estimated<\/a> the entrepreneur&#8217;s wealth. According to their data, he holds digital assets worth $1.04 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency exchange Coinbase requested 500 million TRX (~$80 million) and a $250 million bitcoin deposit from Tron founder Justin Sun for a listing. The businessman disclosed this on X. Binance charged us $0. Coinbase required us to pay 500 million TRX (worth $80 million) and demanded a $250 million BTC deposit in Coinbase Custody [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18291,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[138,1302,1286],"class_list":["post-18292","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-coinbase","tag-justin-sun","tag-listing"],"aioseo_notices":[],"amp_enabled":true,"views":"57","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18292","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=18292"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18292\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/18291"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=18292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=18292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=18292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}