The World’s Largest crypto exchange by trading volume, Binance, is set to open up on cryptocurrency listing fees and donate 100% of the funds to charity.
According to Binance blog post, Token projects who wants to be listed on the exchange will continue to be allowed to propose their own listing fees. The exchange will neither dictate such fees nor impose a minimum pricing level. And 100% of the crypto listing fees will be donated to the Blockchain Charity Foundation.
Blockchain Charity Foundation is a newly launched foundation by Binance. The exchange’s charity arm was launched in July to put at least some of its billions of dollars in profits into charity initiatives. Moreover, the foundation is under the supervision of Helen Hai , a goodwill ambassador for the United Nations Industrial Development Organization.
In an email forwarded to CoinDesk, the crypto exchange said that all the listing fees, that are now effectively donations, will be published on foundation’s website, in a move to increase transparency in the listing process.
Who ever knew Binance could be this charitable?