Binance's Former CEO CZ Weighs in on Justin Sun's Complain About Coinbase's Huge Listing Fee

CZ Says Coinbase's Fees Are 'Too High'

Binance's former CEO, Changpeng Zhao (CZ), has weighed in on Justin Sun's complaint about Coinbase's huge listing fee. In a tweet, CZ said that he agrees with Sun that Coinbase's fees are "too high." He also said that Binance's fees are "much lower" than Coinbase's.

CZ's comments come after Sun, the founder of the Tron blockchain, complained about Coinbase's $5 million listing fee. Sun said that the fee was "unreasonable" and that it was "killing innovation."

Coinbase Defends Its Fees

Coinbase has defended its fees, saying that they are necessary to cover the costs of listing new assets. The company also said that its fees are in line with those of other major exchanges.

However, some industry observers have questioned whether Coinbase's fees are really justified. They argue that the company is making a lot of money from its listing fees, and that it could afford to lower them.

The Debate Over Exchange Fees

The debate over exchange fees is likely to continue. As the cryptocurrency market grows, more and more companies are listing their assets on exchanges. This is increasing the competition among exchanges, and it is putting pressure on them to lower their fees.

It remains to be seen whether Coinbase will lower its fees. However, CZ's comments suggest that there is growing pressure on the company to do so.