Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13286
Markets: 104330
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino

Market Cap
24h Vol
13286
Cryptocurrencies
64.69%
Bitcoin Share
crypto.news 2025-03-20 17:28:02

Upbit rejects listing fee allegations, demands proof from Wu Blockchain

Upbit rejects listing fee allegations, demands proof from Wu Blockchain

South Korean cryptocurrency exchange Upbit has denied allegations that it charges brokerage fees for token listings, calling on Wu Blockchain to provide proof. The exchange emphasized that all trading support decisions undergo a strict internal review process without financial compensation. Upbit also warned users to be cautious of fraudulent intermediaries and stated it would take legal action against illegal brokers. In other words, Upbit claims that its listings are based on internal evaluations rather than financial deals. The company insists that token projects cannot simply buy their way onto the platform. You might also like: Swiss Central Bank rejects Bitcoin for reserves, citing volatility: report Listing fees The controversy follows a series of tweets from Wu Blockchain, which claimed that multiple projects paid fees to intermediaries to secure listings on Upbit and rival exchange Bithumb . According to Wu Blockchain’s post, intermediary fees were reportedly around $10 million for Upbit and $2 million for Bithumb, with some intermediaries allegedly connected to Upbit’s shareholders and market makers. SCOOP: Several projects told WuBlockchain that they paid huge intermediary fees to have their tokens listed on South Korea's largest cryptocurrency exchanges, Upbit and Bithumb. The fees were approximately US$10 million and US$2 million respectively. The intermediaries are… pic.twitter.com/PODtooUaYd — Wu Blockchain (@WuBlockchain) March 20, 2025 The report also suggested that some projects provided intermediary fees ranging from 3% to 5% of their total token supply. This implies that instead of paying a fixed fee, some projects might be offering a portion of their tokens to secure a listing. Wu Blockchain reached out to seven projects, with three denying any involvement in such payments. After Upbit’s response, Wu Blockchain updated its posts and said it “needs to protect the source, so we cannot disclose specific information.” You might also like: Gemini becomes custody partner for Canadian crypto ETF manager Evolve ETFs

Most Read News

Moralis Money
Market Cap
24h Vol
64.69%
Bitcoin Share
693
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.