The ongoing debate over cryptocurrency exchange listing fees has sparked discussions about the value and necessity of such charges. Critics argue that strong projects should not need to pay for listings, as exchanges will naturally seek to include them. They suggest that if a project must plead for a listing, it should reassess its value proposition. Proponents of listing fees highlight that exchanges have the freedom to choose their business models, including charging fees as a revenue source. Some exchanges, like PancakeSwap, operate without listing fees and still achieve significant trading volumes. Others adopt a selective listing approach, using fees and security deposits to deter scams and protect users. The discussion underscores the variety of strategies exchanges employ, from listing all tokens to selective listings with additional user incentives. Ultimately, the focus remains on delivering value to users rather than competing with other exchanges.