Binance will donate listing fees to charity

On October 8, a cryptocurrency exchange Binance announced it would make a change to its listing fee policy. According to the announcement, “starting immediately, and going forward”, Binance will make all listing fees transparent and donate 100% of them to charity.

“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”, – the announcement reads.

The exchange’s team believes that the change would further push Binance’s charity initiatives and increase the use of blockchain for the greater good.

“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.”