Binance States It Earns No Revenue From Token Listings

Binance clarifies that all tokens allocated by projects are used for user incentives, and its primary revenue source is from trading fees rather than listing fees.

181d ago

Fact Check

The provided evidence strongly and directly confirms that Binance has publicly stated it does not earn revenue or profit from its token listing process. Multiple credible news sources (Source 1, 6, 9, 12) explicitly report this claim from the company. While some sources allege that Binance does charge fees, other evidence clarifies Binance's position that any such fees collected since 2018 are donated to charity (Source 14), which supports their statement of not profiting.

Summary

Binance has officially stated that it does not profit from listing tokens, with allocated project tokens being directed toward various user incentives like Alpha Airdrops, Launchpool events, and trading competitions. The exchange clarified that projects must submit refundable deposits to ensure operational commitments, with deposits fully refunded upon fulfillment. Binance also addressed customer service communication issues and confirmed its primary revenue stream comes from trading fees, not listing fees. The Alpha program now includes 217 projects, with 103 offering derivatives and 36 on spot markets.

Terms & Concepts

Airdrop: A distribution of cryptocurrency tokens to multiple wallet addresses, often used as a marketing strategy to promote a project.
Launchpool: A Binance feature allowing users to stake their tokens to earn new cryptocurrency rewards from upcoming projects.
Token Listing: The process of adding a cryptocurrency to be traded on an exchange, making it accessible to investors and traders.