Binance Lists Meme Coins, Stirring Controversy Over Fees

• Binance lists high-risk meme coins ACT and PNUT, both with Seed Tags and smaller market caps.
• Binance requires traders to complete a regular risk quiz to trade Seed Tag tokens like ACT and PNUT.
• Binance denies high listing fee claims as Coinbase also alleged to charge large fees.

Binance announced the listing of two new meme coins, Act I, The AI Prophecy (ACT) and Peanut the Squirrel (PNUT), starting November 11, 2024, at 10:00 UTC. This marks a departure for Binance, which typically lists tokens with market capitalizations above $100 million.

This decision suggests Binance is expanding into riskier assets, as both ACT and PNUT carry Binance’s Seed Tag, indicating high-risk, innovative projects. To address this, the platform requires traders to pass a risk-awareness quiz every 90 days.

The tokens are meme coins built on the Solana blockchain, with the trading pairs ACT/USDT and PNUT/USDT available upon launch. Binance users can deposit these tokens immediately, with withdrawals opening on November 12, 2024, at 10:00 UTC.

Binance stated that withdrawal times are subject to change and can be tracked on the platform’s withdrawal page. Trading bots and Spot…

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