Exclusive: Are Binance's listing fees unfair? CEO Richard Teng responds
Exclusive: Are Binance's listing fees unfair? CEO Richard Teng responds originally appeared on TheStreet.
In an interview with TheStreet Roundtable, Richard Teng, CEO of Binance, responded to allegations on listing fee transparency and token allocation requirements.
'Binance is very transparent, right? So we will support. I think we are very stringent. Think firstly, in an industry, when you are at the top, different people will make different allegations. There are some very ridiculous allegations that I've heard,' Teng said.
When pressed on the motivations behind these claims, he added, 'people making those allegations have their motivation. I'm not going to second guess why those allegations are made.' Quoting Sir Winston Churchill, he noted, 'You'll never reach your destination if you stop and get a stone and throw every dog that barks at you.'
Teng explained that Binance publishes its listing criteria on the platform and invites interested teams to engage directly. 'We have a very transparent framework. We want to work with very good tokens. But we have a very stringent process. We publish the criteria that we have onto the platform and invite anybody that's interested to have a chat to come work with us,' he said.
He pointed to Binance's latest innovation, Binance Alpha, as an example of supporting younger projects at an earlier stage. 'But we also continue to create different platforms where it's not only a spot listing or derivatives listing, but things like Binance Alpha, is a new innovation where we want to support,' Teng explained.
He described the initiative as a way to back tokens 'much earlier' and offer them 'a different pathway to success.'
Teng concluded by reaffirming Binance's commitment to its mission and user community. 'We'll continue to support the ecosystem and the community very closely. But what we need to do is try a good balance between access as well as quality,' he said.
Exclusive: Are Binance's listing fees unfair? CEO Richard Teng responds first appeared on TheStreet on Jun 17, 2025
This story was originally reported by TheStreet on Jun 17, 2025, where it first appeared.
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