Cryptocurrencies

Crypto Exchanges Charge Millions to List Tokens, Report Says

Photographer: Andrey Rudakov/Bloomberg
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Entrepreneurs are finding their dreams of easy crypto financing come at a high price.

Digital token sales are letting young startups raise funds fast, but avoiding the world of venture capital and Wall Street’s other established channels isn’t free: Cryptocurrency trading platforms may be charging 10 times more to list tokens than what traditional exchanges demand for securities, according to a report on Tuesday by Autonomous Research.