Binance CEO Richard Teng Addresses Unfair Listing Fees and Token Allocation Claims: Transparency and Innovation Key to Success

In an exclusive interview with TheStreet Roundtable, the CEO of Binance, Richard Teng, addressed allegations of unfair listing fees and token allocation requirements. Teng emphasized that Binance is transparent and stringent in its approach. "When you are at the top of an industry, different people will make different allegations," he said. "There are some very ridiculous allegations that I've heard." When asked about the motivations behind these claims, Teng noted that people making the allegations have their own reasons and he is not going to speculate on why they are made. He quoted Sir Winston Churchill, saying, "You'll never reach your destination if you stop and get a stone and throw every dog that barks at you." Teng explained that Binance publishes its listing criteria on the platform and invites interested teams to engage directly. "We have a very transparent framework. We want to work with very good tokens, but we have a very stringent process," he said. "We publish the criteria that we have onto the platform and invite anybody that's interested to have a chat to come work with us." He pointed to Binance's latest innovation, Binance Alpha, as an example of supporting younger projects at an earlier stage. "But we also continue to create different platforms where it's not only a spot listing or derivatives listing, but things like Binance Alpha, is a new innovation where we want to support," Teng explained. Teng described the initiative as a way to back tokens "much earlier" and offer them "a different pathway to success." He concluded by reaffirming Binance's commitment to its mission and user community. "We'll continue to support the ecosystem and the community very closely. But what we need to do is try a good balance between access as well as quality," he said.