Crypto Exchange Binance To Donate All Token Listing Fees To Charity

Announcements, News | October 8, 2018 By:

Binance, one of the world’s largest crypto exchanges by market capitalization, has announced that it will make all listing fees transparent and donate 100 percent of the funds to charity.

In company blog post, Binance said it will allow crypto developers seeking to be listed on the exchange to name the amount they want to pay and will not demand a minimum fee.

“If your coin is still in the listing review process, feel free to update your application with an appropriate number,” Binance said. “Binance will continue to use the same high standard for the listing review process. A large donation does not guarantee or in any way influence the outcome of our listing review process.”

In July of this year, Binance teamed with the the Maltese President’s Trust to establish the Blockchain Charity Foundation (BCF). The BCF is chaired by Helen Hai, a goodwill ambassador for the United Nations Industrial Development Organization. One of the BCF’s main objectives is to develop blockchain-based humanitarian projects to effectively address the United Nations Agenda 2030 and its Sustainable Development Goals.

Binance CEO Changpeng Zhao said that the company’s listing fee policy change will further push Binance’s charity initiatives and increase the use of blockchain for the greater good. He added that to increase transparency, all the listing fees will be published on the charity’s website.

“This will be disclosed in a subsequent Binance Charity Foundation press release,” Zhao said. “We are discussing with a few large donors at the moment. We don’t want to release a partial list just yet.”