Justin Sun Disputes Coinbase CEO's Statement

Justin Sun has refuted Coinbase CEO Brian Armstrong's statement regarding "free listings." Sun revealed that Coinbase demanded 500 million TRX (approximately $80 million) from them and stated that $250 million in Bitcoin was required for Coinbase Custody. He emphasized that Binance did not request any listing fees.

The X platform witnesses listing disputes between Coinbase CEO Brian Armstrong and Justin Sun. As you may know, the discussions were sparked by Simon, the CEO of Moonrock Capital. Simon disclosed that one project received a listing offer from Binance in exchange for 15% of the total token supply after a one-year review.

In response, Brian Armstrong claimed that Coinbase's listing fee is zero. However, many crypto experts contradicted Armstrong's statement, asserting that Coinbase has previously demanded varying amounts in fees. Andre Cronje, director of the Fantom Foundation, mentioned that Coinbase had requested $300 million, $50 million, $30 million, and most recently $60 million from them.

As a result, the discussions surrounding listing fees have become a significant agenda item in the crypto market. Justin Sun's statements and expert reactions indicate that there is a need for greater transparency in this area. These developments in the crypto world are of great importance for investors and projects.