Binance to donate all listing fees to charity

October 08, 2018
Chris Wheal

The world’s largest cryptocurrency exchange Binance has announced that the company will be making all listing fees transparent and will be donating 100% of them to charity.

Binance will make all listing fees transparent and will donate 100% of them to charity.

The announcement by the company, which was confirmed by Binance CEO Changpeng Zhao on Twitter, said that the change will take place immediately and that it “hoped others would follow” this decision.

It said that project teams will still propose the number they would like to provide for a “listing fee,” or now more appropriately called a “donation.” Binance will not dictate a number, nor is there a minimum required listing fee.

“This change will further push Binance’s charity initiatives and increase the use of blockchain for the greater good,” according to the company statement and it added that it will have further updates in this area shortly.

Binance is currently the world’s largest crypto exchange by daily trade volumes. It saw $896.9m in daily trading over the past 24 hours at the time of writing.

Post written by Chris Wheal
Chris Wheal is editor of OpenLedger's news and features service. An award-wining business journalists himself, he runs a team of freelance journalists from across the UK and north America.

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