Market
Crypto Projects Face High CEX Listing Fees—Is Change Coming?
The cryptocurrency community is abuzz following recent allegations surrounding the listing practices of prominent centralized exchanges (CEXs), notably Binance and Coinbase.
What began with a post by Simon Dedic, CEO of Moonrock Capital, has sparked widespread debate on how much power CEXs wield in determining the fate of new projects and tokens. Amid this controversy, industry leaders and community members are weighing in, exposing the growing divide between centralized and decentralized exchanges.
Allegations of High Demands for CEX Listings
In a post on X (formerly Twitter), Dedic shared details of a conversation he had with a “Tier 1” project that reportedly spent over a year in due diligence with Binance. According to Dedic, Binance eventually requested 15% of the project’s total token supply in exchange for a listing offer.
He estimated the cost for the listing could range from $50 million to $100 million, describing such demands as “unaffordable” for projects and a key reason for “bleeding charts” — a term referring to price declines following CEX listings.
In response, Andre Cronje, founder of Fantom, disputed Dedic’s claims about Binance. He disclosed that Coinbase, not Binance, had previously demanded substantial fees for listing (probably Fantom’s FTM token) with amounts ranging from $30 million to $300 million over time.
Read more: Binance Review 2024: Is It the Right Crypto Exchange for You?
Cronje’s stance highlights the growing concern over how listing demands might create barriers for projects aiming to gain visibility on major exchanges. Coinbase CEO Brian Armstrong soon addressed the controversy, aiming to set the record straight. Armstrong stated on X, “Asset listings on Coinbase are free,” while promoting decentralized exchanges (DEXs) as a viable alternative.
Armstrong’s post was backed by a Coinbase blog post explaining the Asset Hub, designed to streamline the listing process. Coinbase’s Asset Hub also ensures transparency and fairness, supposedly at no cost to token issuers.
Adding to the debate, TRON founder Justin Sun weighed in, sharing his experiences with both exchanges. Sun stated that while Binance did not charge TRON any listing fees, Coinbase required an $80 million deposit in TRX and a $250 million BTC deposit in Coinbase Custody.
Sun also suggested that such demands are excessive, adding another layer to the debate on whether listing fees are justified for projects of different sizes. The controversy has sparked a wave of community reactions, many voicing disillusionment with CEX practices.
“Kinda makes me not want to buy anything listed on Binance again. Knowing that they paid tens of millions to get on there, so they could get the most exit liquidity they could is a signal that maybe it is not worth that much. Real platforms don’t need to launch on Binance,” said Tuomas Holmberg, founder and CEO of Collector Crypt.
Tenset CEO and co-founder of Tenset Security Mat Millbury echoed the sentiment, criticizing the adverse effects of Binance listings on token prices. Some see the issue as an indication of excessive power wielded by CEXs over new projects.
“Exchanges hold too much power,” Animoca Brands’ Mo Ezeldin commented, suggesting that listing fees and token demands create an unhealthy cycle that ultimately harms projects and drains positive momentum.
Meanwhile, Mavryck Network founder Alex Davis voiced support for DEXs, arguing they could provide a more sustainable model for the future.
“All this drama surrounding CEXs simply highlights the need for (order book) DEXs and further transparency. Make the rules for listings clear, and list appropriately. The point of crypto was to disintermediate from 3rd parties, not create new ones raking in their own fees,” Davis expressed.
Binance Leadership Defends Policies
Binance’s former CEO Changpeng Zhao (CZ) also responded to the backlash, urging the industry to move away from “quote attacks.” CZ asserted that Bitcoin, the most prominent digital asset, never paid listing fees, advising projects to focus on their development rather than exchange listings. Justin Sun echoed the sentiment.
Similarly, Binance’s co-founder Yi He added that Binance’s listing processes are transparent and based on project merit. She encouraged the public to “do your own research” (DYOR) and dismissed the allegations as “gossip,” explaining that high token allocations for airdrops or promotions do not guarantee listings.
As accusations and rebuttals circulate, the role of decentralized exchanges (DEXs) is coming into sharper focus. Unlike CEXs, DEXs allow projects to list directly without intermediary demands or large token allocations, potentially offering a path toward more equitable access.
Read more: What Are Decentralized Exchanges and Why Should You Try Them?
While centralized exchanges offer liquidity, reach, and visibility, many in the community argue that their influence over project success may be overreaching. The ongoing debate highlights a need for change, whether through increased transparency from CEXs, the adoption of decentralized alternatives, or an industry-wide shift toward fairer practices.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Why FET Recovery Could Be More Than 10% in November
Artificial Superintelligence Alliance (FET) is one of the top gainers today, registering a 10% increase within the last 24 hours. This FET recovery contradicts its performance in October, when its price decreased by 13.39%.
Following this rebound, on-chain data shows that the altcoin could be working toward wiping out those losses. Here is how.
Artificial Superintelligence Alliance Sees Buying Pressure
Yesterday, FET’s price was $1.10. But as of this writing, the altcoin’s value has risen to $1.25. According to the 4-hour chart, FET’s price climbed this high due to rising buying pressure.
Notably, Bull Bear Power (BBP) has jumped to the positive region after remaining in the red area since November 1. The BBP shows whether the strength of buyers is greater than that of sellers.
When the reading is negative, bears have the upper hand. Therefore, in this instance, bulls are in control. As such, the altcoin’s value could continue to climb if this remains the same.
Read more: How to Invest in Artificial Intelligence (AI) Cryptocurrencies?
The Money Flow Index (MFI) is another indicator suggesting that the FET recovery could be swift. The MFI, which measures buying and selling pressure by analyzing price and volume data, has shown a positive trend for FET.
A rising MFI indicates increased buying pressure, which supports the likelihood of continued price growth as demand for the asset strengthens. Therefore, if bulls sustain this momentum, then the altcoin’s price might continue to rise.
FET Price Prediction: Token to Breach Resistance
Since the IOMAP indicates that there is only one significant resistance level for FET at $1.28, where 3,590 addresses hold 616.89 million tokens, it suggests that surpassing this level could open up further upside potential.
Notably, the IOMAP tool categorizes addresses by whether they are making a profit, breaking even, or incurring losses at the current price
This accumulation zone acts as a key psychological barrier. The volume of tokens accumulated here is notably higher than the amounts held between $1.06 and $1.25, signaling that if buyers manage to push the price beyond $1.28, FET could gain strong momentum.
Read more: Which Are the Best Altcoins To Invest in November 2024?
Therefore, if buying pressure continues to increase, FET could rally all the way to $1.44. However, if bulls fail to breach the resistance, the altcoin price might pull back, and FET could drop to $1.10.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
US Election Day Boosts Bitcoin to $70,000: Further Rally Ahead?
Bitcoin’s (BTC) price climbed to $70,000 today ahead of the US presidential election, indicating the connection between major political events and cryptocurrency movements. Historically, political uncertainty and significant elections have influenced crypto market sentiment and volatility.
As the election begins, on-chain analysis provides insights into potential future price movements. Analysts are also weighing in on the implications of the election outcome for Bitcoin, with opinions varying on whether the cryptocurrency could continue its upward trend or face downward pressure. Here are all the details.
Demand Spike for Bitcoin Echoes 2016 and 2020 Trends
According to Glassnode, the Bitcoin price increase comes amid a drop in the sell-side risk ratio. This metric shows whether investors are confident about a bullish performance or if conviction is low.
High values in this metric indicate periods when significant amounts of value are being realized, often correlating with increased market volatility. Such periods are commonly seen during the late stages of bull markets.
Conversely, low values suggest periods with minimal value realization and reduced market volatility. This can also signal macro market bottoms, accumulation phases, and environments with lower sell-side pressure and risk, potentially indicating the onset of future bullish trends.
Read More: 7 Best Crypto Exchanges in the USA for Bitcoin (BTC) Trading
Therefore, the rise in Bitcoin’s price indicates that selling pressure is low, and the US elections could be bullish for the cryptocurrency.
Regarding this development, Juan Pellicer, Senior Researcher at IntoTheBlock, opined that a Donald Trump win would be good for BTC and the crypto market at large.
“The market appears primed for further upward movement, with the US election serving as a potential catalyst. Sentiment suggests that Trump’s more favorable stance on cryptocurrencies could provide the momentum needed for a decisive breakthrough to a new all-time high.” Pellicer told BeInCrypto
Meanwhile, CryptoQuant’s weekly report says that BTC is at a favorable price level ahead of the elections. It noted that the cryptocurrency is currently not overvalued. Hence, if demand increases, Bitcoin’s price might rally post-election.
For instance, BTC prices rallied by 22% between election day and December 2012. In 2016, it climbed by 37%, while the cryptocurrency saw a 98% increase in 2020.
Therefore, if past performance influences future trends, the BTC might reach a new all-time high before the end of the year.
Data from the on-chain data provider also showed that demand for Bitcoin has increased. This is similar to the trends of 2016 and 2020. Hence, if sustained, the Bitcoin price might climb well above $70,000 soon.
BTC Price Prediction: $73,000 Possible
On the 1-hour chart, Bitcoin has attempted to break out on four different occasions. However, each time that happened since October 31, the coin faced rejection. However, today, the trend has changed as bulls pushed the cryptocurrency above $68,336.
This breakout has ensured that Bitcoin’s price has risen to $70,288. Furthermore, the Bull Bear Power (BBP) shows that bulls are in control. If sustained, Bitcoin’s price might rally much higher in the coming days.
Read More: Bitcoin (BTC) Price Prediction 2024/2025/2030
If bullish momentum persists, Bitcoin could potentially climb to $73,623 ahead of the announcement of the US election results. However, should BTC face rejection at resistance levels, this forecast might be invalidated, with the cryptocurrency possibly declining to $67,405.
The post US Election Day Boosts Bitcoin to $70,000: Further Rally Ahead? appeared first on BeInCrypto.
Market
Why Ethereum’s Weak Momentum May Block $2,600 Breakout
Ethereum (ETH) price is showing signs of weakening strength as polls open across most of the US.
Despite a 24% surge in trading volume over the past 24 hours and a modest 1% price uptick, technical indicators suggest a potential downturn. Here’s a closer look at the factors behind this analysis.
Ethereum to Remain “Under”
Readings from the altcoin’s Super Trend indicator reflect Ethereum’s weak price action. At press time, its red line rests above Ethereum’s price, confirming the potential downward trend.
This indicator helps traders identify the prevailing market trend and potential entry or exit points. It detects changes in price direction and determines support and resistance levels, often signaling when to buy or sell an asset. When the Super Trend line moves above the price and turns red, it signals a bearish trend, often considered a sell signal.
On the ETH/USD one-day chart, Ethereum’s Super Trend line is above the coin’s price at $2740, forming a resistance level that may be difficult to breach if new demand fails to enter the market. When the Super Trend line moves above the price, it acts as a resistance level. This is because the line indicates a potential “ceiling” where the price might face resistance if it attempts to rise.
Read more: Ethereum ETF Explained: What It Is and How It Works
Moreover, the setup of ETH’s moving average convergence/divergence (MACD) indicator — which tracks its trend direction, shifts, and potential price reversal points — supports this bearish outlook. As of this writing, ETH’s MACD line (blue) rests below its signal line (orange) and zero line.
This bearish signal suggests that ETH’s short-term momentum is weakening. Traders often interpret this as a signal to exit long positions and take short ones.
ETH Price Prediction: August 5 Low Is Possible
If buying pressure weakens, Ethereum’s price could fall toward its August 5 low of $2,112, marking a 13% drop from its current value. Conversely, a surge in demand could propel the coin to test resistance at $2,508.
Read more: Ethereum (ETH) Price Prediction 2024/2025/2030
A successful breakthrough at this level would set the next target at the Super Trend line resistance of $2,740. Clearing this mark with strong momentum could position Ethereum for a climb toward $2,869 — a level not seen since August.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
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