Bitfinex CTO Shades Binance as DigiByte Founder Sets the Record Straight

Libra Coin News
Sun, 09/22/2019 - 12:43
Alex Dovbnya
DigiByte founder Jared Tate slams “unethical” centralized exchanges while Bitfinex CTO Paolo Ardoino says that they never required a listing fee
Cover image via U.Today

Jared Tate, the founder of decentralized exchange DigiByte, has put yet another log on the fire by recently releasing a tell-all video message about his struggle with centralized exchanges.

This comes after Tate publicly accused Binance of demanding ridiculously high listing fees.  

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Centralized exchanges ”come and go”

In the aforementioned video, Tate emphasizes that he’s not inherently opposed to the idea of centralized exchanges given they that provide newbies with an important on-ramp. However, they should operate ethically and under proper regulations.

“I am, however, opposed to centralized exchanges that continuing to operate in an unethical and shady manner while continuing to disrespect the DigiByte community and everything decentralized Blockchain stands for.”

Tate further says that he has faced a lot of criticism in the past for not getting DGB listed on multiple exchanges. For example, he was “berated” for not getting his coin listed on BTC-e before the owner until the exchange was seized by the US government for money laundering.

“Over the past several years, we’ve seen dozens of centralized cryptocurrency exchanges come and go, but DigiByte has remained consistent and decentralized.”

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Bitfinex shades Binance

Bitfinex CTO Paolo Ardoino has stepped into the fray by commenting that DGB has been available on their exchange for a long time. Moreover, they never asked for any listing fees.

Tate claimed that Binance asked DigiByte a whopping $300,000 for DBG to end up on the exchange. To put this into perspective, this is three percent of the token’s total supply.

However, Binance CEO Changpeng Zhao (CZ) said that Tate specifically didn’t want to list DGB on Binance, so he wouldn’t waste his time on “this type of guys.”

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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