BTC PULSE
No Result
View All Result
Play Now
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home Blockchain

Bybit Denies $1.4M Listing Fee and Student Trial Contract Allegations

by Abimbola Adu
Apr 14, 2025 - 8:51 pm
in Blockchain
Franklin Templeton’s tokenized money market fund integrated on BounceBit Prime platform

Bybit Denies $1.4M Listing Fee Claims

Cryptocurrency exchange Bybit has refuted claims that it charges $1.4 million in token listing fees. The claims, posted by X user “silverfang88” on April 14, accuse the platform of charging exorbitant fees and muzzling dissenting voices from students involved in its Campus Ambassador program.

Bybit CEO Ben Zhou objected to the accusations and requested evidence. “The crypto space has been in turmoil because of rumors posted without evidence,” Zhou tweeted on X.

What Bybit Actually Requires for Listings

Bybit detailed its listing process in a statement. There are three things required by the exchange: a marketing budget, a security deposit, and a thorough project review.

“Projects are expected to budget promotion funds for user interaction activities,” a Bybit spokesperson explained, saying that legal restrictions prevent exchanges from holding project tokens.

Bybit said it imposes a security deposit of $200,000 to $300,000 in stablecoins. This is refundable but can be penalized if promotion goals are not met.

The entire listing process involves application forms, internal voting, research, and a final review meeting. Bybit’s review process involves fundamentals, onchain data, tokenomics, team credentials, and others.

Allegations About Student Trial Contracts

The X user also alleged that Bybit used KOLs (key opinion leaders) to silence students who took part in its Campus Ambassador program after they were given “trial contracts.” The program, the user claimed, was part of the issue.

Zhou again denied the allegation and requested proof. “Please present proof if Bybit did anything wrong,” he tweeted.

Bybit has made no direct comment on the Campus Ambassador allegations at the time of publication.

Tags: Regulation
Abimbola Adu

Abimbola Adu

Abimbola Adu is a crypto content writer with a background in English studies. She is keen on enlightening others about cryptocurrency and blockchains. She enjoys writing poems and spending time with family.

Related Posts

The headquarters of the Autorité des Marchés Financiers (AMF) Investor in Paris, France, the regulatory body warning investors against ByBit.

French Officials Pressured Telegram to Censor Moldova Election Posts: Durov

September 28, 2025

Pavel Durov revealed French intelligence pressured Telegram to censor Moldova election content in 2024, which he refused, citing...

Wall Street financial district with Bitcoin symbol representing institutional adoption

Bitcoin skepticism fades as nations gear up for adoption, says Samson Mow

September 28, 2025

Samson Mow predicts nation-states will move from skepticism to rapid Bitcoin adoption, fueling global FOMO and a rush...

Vanguard headquarters preparing for crypto ETF access

Vanguard Prepares to Open Brokerage Doors to Crypto ETFs

September 26, 2025

Vanguard is drafting plans to grant brokerage clients access to crypto ETFs, marking a strategic retreat from its...

PYTH token price soars as Trump administration selects blockchain oracles for economic data

Crypto Daily: UK Finance Tokenized Deposits Pilot, BlackRock Bitcoin Yield ETF, Hashdex Expands Crypto Index

September 26, 2025

UK Finance pilots tokenized sterling deposits, BlackRock files Bitcoin Premium Income ETF, and Hashdex expands crypto ETF with...

View All
BTC-Pulse LogoTransparent

© 2024 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

©2024 BTC-PULSE – All right Reserved.

No Result
View All Result
  • About Us
  • Advertise
  • BTC-PULSE
  • Contact Us
  • Events
  • Privacy Policy
  • Sitemap
  • Terms of Service