Trading platform listing fees have recently become a hot topic, with both Binance and Coinbase claiming not to charge them. However, some project parties have been “revealed” to have paid high fees for listing their currencies. To gain more insight, independent researcher Jason Chen Jian compared and analyzed the public currency listing application forms of Binance, Coinbase, and Upbit.
Binance’s application form asks for basic information about the project, its valuation, and community token distribution ratio. It also inquires about the benefits the project can bring to Binance, its data, and whether it will be deployed on the BNB chain. Lastly, the form asks if the unlocking time can be extended and if the valuation is willing to be lowered.
Coinbase’s form focuses on compliance. It asks about the project’s relationship with US users and if any super user authority is set for anyone in the project’s assets. It also questions if there is any relationship with US users and if any super user authority is set for anyone in the project’s assets.
Upbit’s form requires KYC, asking for identification details such as a copy of the ID card, phone number, and real name. The form also asks for project information and allows the selection of a trading pair, but only allows a single choice. Though all three exchanges claim not to charge listing fees, their application forms reveal different priorities and focus areas.
Binance seems to be more subjective, while Coinbase and Upbit emphasize compliance and security.
