Coinbase hit with $300M token listing allegations by Sun and Cronje

The rumors around the alleged listing fees could drive projects to decentralized trading platforms.

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Some of the largest cryptocurrency exchanges allegedly ask for up to hundreds of millions of dollars for new token listings.

According to Tron founder Justin Sun, Coinbase allegedly asked for $330 million in total fees to list Tron (TRX). Sun posted on X on Nov. 4 that while Binance did not charge any fee, Coinbase requested 500 million TRX tokens (valued at around $80 million) and a $250 million Bitcoin deposit to be held in Coinbase Custody.

Coinbase listing fee allegations. Source: Justin Sun

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