Tantalizing, unconfirmed rumors are bouncing from crypto Twitter, and this time it’s Expanse co-founder Christopher Franko leading the charge. Mr. Franko insists he was quoted 400 bitcoin core (BTC), roughly $2.5 million as of this writing, for a token listing on the exchange Binance. On the cross accusation that he is lying, Mr. Franko further insisted “I literally have nothing to gain from this.”
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Expanse’s Franko Tweets Binance is Charging Millions for a Token Listing
Expanse’s Christopher Franko took to Twitter this week, accusing popular cryptocurrency exchange Binance of quoting 400 BTC, $2.5 million at current prices, for token listings. As Mr. Franko tells it, “Just got a new @binance listing quote. 400 BTC,” he tweeted.
Binance is a relatively new international crypto exchange. Created summer of last year, the exchange has been on fire. Its CEO, Changpeng Zhao, is a hotshot figure in the space, appearing on splash pages for a long time, someone everyone wants to know more about. Binance is both an exchange and a token (BNB), which can lessen fees when used in conjunction — one of the first exchanges to use the “ICO model” now all the rage.
Rumors have followed it as long as Binance has been in existence, including moving from China to Japan and Taiwan. It is dogged by accusations of false liquidity, especially as it has become one of the most profitable exchanges with well over $1 billion in revenue.
Reaction came fast and furious to the idea of what Mr. Franko considered a form of extortion by Binance. A lot of immediate commentary was of disbelief. Mr. Franko then produced a screenshot of the offending email. Still
