Bitcoin Forum

 

Think I'd rather just go on Komodo or blocknet for free.

Exchanges today have become freakishly greedy.

It's totally insane.  I wonder how they arrived at that sum and if asked to explain it what they would say.

I mean if it is a dex in the true sense of it being fully decentralised the cost to them should be minimal once the software is done.

All it takes is 1 ICO to bite into the price, and reach any significance in volume or user-interaction due to that particular exchange. Once that's achieved, the market has been proven and all competition will follow suit to create "the prestigious" atmosphere to get listed to X exchange.

There are many positives & negatives to this. One major negativity is it will hurt any legitimate non-greedy/corrupted ICO or platform that's trying to launch (there are many other negatives for reasons probably listed in this thread).

One positive is an exchange can almost be certain on that coin's legitimacy if so much money is ready to fly into their hands, without any hard research investigating what it's about. Very few coins are scam coins that get listed to Binance, and for good reason. Protecting traders is one of the many crucial elements that exchanges have to factor in, for their reputation and for their sanity of not getting torched by governments and media.

Everyone thinks binance is like  an exclusive exchange that's only listing good coins.

And if ever there will be new listing to binance, everyone will only think about "Damn, this coin paid 400 BTC LMAO".

Dex are the future. anyway binance is now a premium exchange in crypto world. its like i phone in smartphone market. so they are keeping their level high and asking for that fees. but im 100% sure huge projects will pay that amount easily. also i haven't experienced any bad thing with binance. they are doing a good service and dedicate to the work.

400 BTC for listings in Binance? Wow, where did you have this information, did Binance itself provide information regarding listing fees? If so, maybe Binance is the only exchange with the most expensive listing fees. With 400 BTC, it seems that Binance has become a new topic in the exchange world.

I think in a sense they might be "greedying themselves out" of the market, there is plenty of competition and it just takes one "big success" for everyone to start going elsewhere..!

Oh, this is really a very large sum, I think a few projects will want to pay so much money. It's interesting how they calculated the amount of 400 btc. It seems to me that only very large and popular projects will be able to pay such money.

This amount is equal to 2.6 Million Dollars at the current Bitcoin price. There are so many ICO's that don't even gather this amount, so spending so much money just to get listed on an exchange doesn't make any sense. I don't think there will be any coin that will pay this huge amount to get listed.

Holy moly 400 BTC is huge. Looks like they got greedy, but hey, they CAN do it, and probably some coins will happily accept this price.
Probably I would be greedy in their position, aswell.

But decentralised exchanges are usually cheaper, so why not just move there?

You are talking about new Binance DEX? I thought that their DEX will be launched next year, not this year, going to check it ;).

That’s really unbelievable but it could be because of the current situation of binance that is asking this price tag. Well everyone knows that binance is now wide spread exchanger and it could be state das number one in the world. I am sure that this is something every coin needs while they get listed becaus they can gain huge user base this way and also they can increase the volume for themselves. However 400 BTC is still huge. With the current rate it’s heavy charge.

Where does this information come from? Are you sure this is true?

that's a lot of 400BTC.I can imagine how much they all earned.Where is this information from??is this information accurate?

The whole point of DEX is that there should be no listing limitations. They could add a free for premium exposure but that's it.

Anyhow, Binance is awesome, better fill your bags with some BNB coins (https://coincodex.com/crypto/binance-coin/) :)

I really don know on what grounds that calculation was made. I must say its outrageous and if a kind of regulation that can manage exchanges dont come out price will always go up.

i dont get the point. if dex means decentralized exchange, how do they ask money to list. if they ask money then they control the exchange, so it means that this exchange is centralized not decentralized.

This just makes it hard for new upcoming project with little support. Projects will still pay to be listed because of the brand/company itself. It already made nme and standard for itself. But 400 BTC? Thats way too much to be listed on a decentralized exchange. I do hope they lower the fees.

It is very likely that this news is not true. Decentralization and payments to the exchange are not compatible. I would like to know the source.

What is the point of being a decentralized exchange of you are going to pay 400 Bitcoin just to get your altcoin listed on its exchange. In my point of view the decentralized exchanges are supposed to be the place where different altcoins that are not yet listed in centralized exchanges and market price can be traded, specially most of the ICOs that only reach the softcap and cannot list themselves in such exchanges. 400 Bitcoin just too damn greedy.

There is no longer decentralized exchange because governments have been strict with crypto exchangers and besides Binance has to take care of their brand name. Dont expect anything for free since they need money to run their business.

I think they should think first before they implement it because even a good developer  would never pay that much just to add their coin. There are many alternative trading platform that can be use.

Their CEO refused such high amount for listing, but on the other hand I saw that letter and mail address was from binance. Guys, may be someone now real price for listing on binance?

I think it's very excessive, price listing almost like soft cap ICO project, 2-3 Million USD is very big balance to make new project. If I have 2-3 Million USD I will developing some new exchange.

400 BTC to get listed is insanity.  Hopefully projects soon shun this type of behavior from the exchanges.  These young projects cannot afford a price tag like that.  Soon when someone is listed on Binance it will cause a price decline as the project spent all its funds to get listed.

I'm shocked. I didn't expect exchanges to become so greedy. I don't like this situation because instead of developing the technology developers have to spend a lot of time and resources on marketing. I believe that cryptocurrency exchanges should not be so greedy. But maybe I don't understand something in this world.

400 bitcoins is just a huge amount. I think that decentralized exchanges will be able to change this situation. It seems to me that they have a future.