Crypto exchange Binance to donate all listing fees to charity

Leading cryptocurrency exchange Binance has announced that it will donate all of its listing fees to charity.

In an online post dated October 8, it said:

“Binance will make a change to our listing fee policy. Starting immediately, and going forward, we will make all listing fees transparent and donate 100% of them to charity.”

In July, Binance joined forces with Maltese President’s Trust to create the Blockchain Charity Foundation – a not-for-profit organization dedicated to the advancement of blockchain-enabled philanthropy towards achieving global sustainable development.

Initiated by Binance, the Foundation is headed by Helen Hai, UNIDO goodwill ambassador, with Marie-Louise Coleiro Preca, President of Malta as the Chair of its senior advisory board.

Binance said that the latest changes made to its listing policy will “further push Binance’s charity initiatives and increase the use of blockchain for the greater good.”

“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,” it said. “A large donation does not guarantee or in any way influence the outcome of our listing review process.”