Inside Korean Black Market of Crypto Exchange Listings: $5 Million Price Tag

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An increasing number of blockchain companies are flocking to the initial coin offering (ICO) market to initiate token sales and raise millions of dollars in an unregulated market. According to several local projects, brokers are demanding millions of dollars to be paid out for unconditional listings. $2 Million Unconditional Listing Last week, cryptocurrency researcher Christopher Franko claimed that based on an email he obtained from the Expanse development team, Binance, the world’s biggest digital asset exchange, has been charging more than 400 Bitcoin ($2.5 million) to list cryptocurrencies and tokens. On Aug. 11, Changpeng Zhao, CEO of Binance, told its investors and users that the exchange does not list “shitcoins” even for 4,000 BTC and every cryptocurrency must go through a rigorous verification process established by Binance. Zhao said: “We don’t list shitcoins even if they pay 400 or 4,000 BTC. ETH/NEO/XRP/EOS/XMR/LTC/more listed with no fee. Question is not