DEX Takeover Inevitable? Crypto Exec Exposes Major CEX Listing Fees

A bombshell allegation rocks the cryptocurrency exchange landscape, threatening to upend the balance of power between centralized (CEX) and decentralized exchanges (DEX).

Simon Dedic, CEO of blockchain advisory firm MoonRock Capital, in a recent X post claimed that a “Tier 1” crypto project was asked to relinquish 15% of its total token supply to Binance in exchange for a listing. This revelation ignited a fiery debate about the exorbitant listing fees charged by centralized exchanges (CEXs) and fuels predictions of a decentralized exchange (DEX) takeover.

Dedic’s claim, shared on X (formerly Twitter), quickly gained traction within the crypto community. He recounted a conversation with a project that had raised nearly nine figures in funding. After a year of due diligence with Binance, the project finally received a listing offer—with a staggering price tag. Dedic estimated the cost of the listing, based on the token supply demand, to be between $50 million and $100 million.

This exorbitant fee, Dedic argued, is not only unaffordable for many projects but also contributes to negative price action as projects are forced to sell off large portions of their token supply. His concerns resonated with crypto analyst Michael van de Poppe, who confirmed hearing similar rumors. Van de Poppe argued that such practices give exchanges excessive power, even the ability to “kill your project.” Dedic responded with a prediction: “I think it’s inevitable that DEXs will take over at some point.”

DEX Takeover Inevitable? Crypto Exec Exposes Major CEX Listing Fees

This sentiment reflects a growing frustration within the crypto community regarding the centralized control wielded by major exchanges. Daniel De Lophem, co-founder of Borqpad, echoed this sentiment, praising the growing awareness of exploitative practices within the industry.

The rise of DEXs like ShibaSwap offers a potential alternative to the centralized exchange model. ShibaSwap, a decentralized exchange launched by the Shiba Inu project, recently underwent a major upgrade. ShibaSwap 2.0 introduced several key features aimed at improving the DeFi experience, including concentrated liquidity pools, variable fee tiers, streamlined reward collection, multi-hop swaps, and transparent APR tracking. These enhancements are designed to empower users with greater control and potentially higher returns, while also mitigating some of the risks associated with centralized platforms.

These advancements in DEX technology, coupled with growing concerns about CEX listing fees and control, suggest a potential shift in the crypto landscape. While CEXs currently dominate trading volume, the demand for decentralized, transparent, and user-friendly alternatives is steadily increasing.

The allegations against Binance, if substantiated, could further accelerate this trend, pushing more projects and users toward the decentralized future envisioned by Dedic and others. The ongoing evolution of the crypto exchange ecosystem will undoubtedly be a key narrative in the months and years to come.

Yona has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Daily is an official media and publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

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