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Not a Fee, But 'Long-Term Payment' — How Crypto Exchanges List Tokens

Published 11/03/2019, 10:20 AM
Updated 11/03/2019, 12:01 PM
© Reuters.  Not a Fee, But 'Long-Term Payment' — How Crypto Exchanges List Tokens

Visit the website of any stock exchange platform, like the Nasdaq or the New York Stock Exchange, and the listing fees for new companies are there to see. There is hardly any controversy when it is clearly stated like this, but the same cannot be said for the cryptocurrency space. Here, numerous reports show that crypto exchanges are being decidedly opaque about the structure of their listing fees.

Take Blockstack, for example: A recent filing with the U.S. Securities and Exchange Commission revealed a $250,000 payment to Binance in its listing of STX token. The cryptocurrency trading giant, however, denied reports that the payment constituted a listing fee.

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