Did Binance Demand Tokens for Listings? CEO’s Claim Sparks Industry Uproar
Limitless Labs CEO CJ Hetherington has shaken the crypto market once more by publicly accusing Binance of demanding many undertaking tokens and hefty deposits in alternate for an inventory.
The allegations, rebuttals, and heated follow-up discussions have reignited public skepticism towards the transparency of centralized exchanges (CEXs). Beneath the noise lies a deeper narrative about energy, belief, and the skinny line between collaboration and coercion in in the present day’s crypto panorama.
Binance Listing Allegations
The controversy started when Hetherington revealed what he claimed to be Binance’s itemizing necessities—allegedly together with token allocations and huge upfront deposits. Comparing these phrases with Coinbase’s method, CJ highlighted a stark distinction between the 2 world leaders.
Binance swiftly denied all allegations, calling them “false and defamatory.” The alternate asserted that it doesn’t revenue from itemizing charges or require founders to promote tokens. Moreover, Binance accused CJ of breaching his NDA, hinting at potential authorized penalties.
While the precise settlement between Binance and Limitless stays unclear, Mirror Tang mocked CJ’s leaks as “unstructured and boastful,” claiming they violated NDA phrases and did not reveal something substantial. Meanwhile, different customers criticized Binance’s alleged authorized intimidation ways, decoding them as an indication that the alternate is “dropping its grip.”
“It’s the start of the top for them. They’re dropping their grip—everybody can see it now, together with themselves,” one consumer commented.
This just isn’t the primary time Binance has been accused of charging steep charges or demanding token allocations in alternate for listings. Some neighborhood members have even claimed that Binance is “extorting tasks” for listings.
Crypto investor Mike Dudas additionally alleged that Binance demanded practically 10% of the whole token provide from a number of tasks for itemizing and token era occasions. There was one other consumer who confirmed being instructed related situations:
“Don’t lie. I used to be instructed $1 million price of tokens for airdrop and $1 million for buying and selling comp—and that wouldn’t even assure an inventory, simply step one for Binance Alpha.”
Binance has additionally been hit by a number of points lately. The alternate needed to compensate customers for the sudden drop in token costs.
Inherent Conflicts of Interest
A consumer on X compiled six alleged Binance itemizing scandals from 2024 to 2025. While Binance denied all of them, the patterns within the founder’s allegations and post-listing worth declines counsel one thing. They disclose potential conflicts of curiosity within the alternate’s income fashions. This incident highlights two vital points inside the present alternate mannequin.
First, the CEX itemizing course of can create inherent conflicts of curiosity. Requiring token allocations for “advertising and marketing” managed by the alternate dangers diluting provide, exposing retail traders to volatility, whereas exchanges revenue from buying and selling charges and free tokens.
Second, the shortage of transparency in itemizing negotiations makes it practically unimaginable for traders to evaluate tasks equally. This opacity erodes belief in Binance and centralized exchanges total—buildings which have lengthy been criticized for their black-box operations.
If these allegations maintain weight, the true consequence can be a disaster of confidence. The crypto trade is already shifting towards on-chain worth discovery and DEX integration, as many imagine decentralization is the one manner to make sure equity.
Wake-Up Call for CEXs
In that context, Uniswap founder Hayden Adams shared that the DEX and AMM have assured free itemizing, alternate, and liquidity for each asset.
“Decentralized exchanges (DEX) and automatic market makers (AMMs) at the moment are in a position to present free itemizing, buying and selling, and liquidity assist for any asset. If a undertaking chooses to pay high itemizing charges to a CEX, its actual objective is extra for advertising and marketing promotion fairly than a obligatory demand on the market construction stage. The growth of DEX and AMMs permits anybody to freely create markets, and we’re proud to play a task in reaching this purpose.” Adams shared.
Regardless of the end result, this Binance FUD Listing saga serves as a wake-up name for rising tasks. They ought to negotiate clear phrases, diversify listings throughout CEXs and DEXs, and shield their tokenomics from energy imbalances. For the broader neighborhood, it reminds us that real belief in crypto lies on-chain. There, code, not firms, determines the foundations.
The publish Did Binance Demand Tokens for Listings? CEO’s Claim Sparks Industry Uproar appeared first on BeInCrypto.
