Bybit, a leading cryptocurrency exchange, has publicly denied allegations circulating that it demands exorbitant listing fees of $1.4 million from prospective projects. This statement comes after claims surfaced suggesting Bybit was charging significantly high amounts for token listings. According to a statement released to CoinTelegraph, Bybit clarified its listing process. Bybit outlined three requirements for projects seeking listing: a dedicated promotion budget, a refundable deposit, and a thorough review and evaluation process. The exchange emphasized that the promotion budget is solely used for user engagement initiatives and that legal restrictions prevent Bybit from directly holding project tokens. Furthermore, Bybit stated it only requires a deposit in stablecoins, ranging from $200,000 to $300,000, to ensure the successful execution of agreed-upon promotional activities. Bybit aims to foster transparency and trust within the crypto space, distancing itself from practices that could hinder innovation. ```