Marco Verch / Flickr

Binance, the world’s leading crypto exchange, has made a stunning announcement this morning, revealing that it will now disclose all listing fees and donate the proceeds to charity.

According to the announcement, Binance will not change its actual listing process, meaning that token projects will still need to submit applications with a requested fee value based on what they can afford. However, the exchange will now publicly share those values once tokens are accepted.

“Project teams will still propose the number they would like to provide for a ‘listing fee,’ or now more appropriately called a ‘donation.’ Binance will not dictate a number, nor is there a minimum required listing fee,” states the Binance team in the announcement.

The donations will go to the company’s new Blockchain Charity, which has received backing from many major institutions and blockchain projects. Binance also notes that large donations will not dictate listing outcomes.

More: Listing Fee to Charity
Related: Binance’s Decentralized Exchange Beta Could Be Released This Year, Says CEO
Photo: Marco Verch / Flickr

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.