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Pi Coin News: Expert Finally Reveals Why Binance Might Never List Pi Network
Pi Coin’s price has been on a rollercoaster—rising to $2.98 before crashing down to $0.50, leaving many surprised. As of now, Pi is down over 11% and trading at $0.63. One reason for Pi Coin’s struggle could be its absence from major exchanges like Binance and Coinbase, which limits its visibility and trading volume.
According to Nguyen Ha Minh Tong, founder of Cabo Capital in Ho Chi Minh City, Binance has yet to list Pi Token due to several reasons. The expert explained that while the Pi community might believe the project doesn’t need Binance, without recognition from major exchanges, Pi will continue to face skepticism and struggle to achieve real market value.
Pi Network’s mainnet has been live since late 2024, but it remains in an “enclosed” state, meaning transactions are limited to its internal ecosystem. Binance prefers projects with fully open, public blockchains to ensure transparency and market stability. This fundamental requirement is not met by Pi Coin, making it difficult for the exchange to consider listing.
Moreover, the unclear tokenomics of Pi Coin has raised concerns about potential price manipulation. The total supply of Pi is reportedly 100 billion tokens, but only about 6.8 billion are in circulation. Additionally, the Pi Core Team has reduced the supply by removing 10 million tokens without clear explanations, further fueling speculation and volatility.
Regulatory issues also appear to be a significant roadblock for Binance’s consideration of listing Pi Coin. The exchange is under regulatory pressure globally, especially in the U.S., where legal issues around money laundering and financial compliance are serious. Unfortunately, Pi Network has not been officially recognized by any regulatory body, posing potential risks if listed.
Furthermore, the lack of liquidity and market activity on major exchanges remains a significant obstacle for Pi Coin to overcome. For a token to be listed on Binance, it needs strong liquidity and trading volume on other major exchanges. Unfortunately, Pi currently trades mainly through OTC channels like Telegram and small exchanges (e.g., OKX, HTX) with unstable prices.
Lastly, the criticism of Pi Network’s high level of centralization has also been raised as a reason why Binance might never list it. With the Pi Core Team controlling all mainnet nodes, this contradicts the decentralization principle that major exchanges like Binance prioritize, as seen with Bitcoin and Ethereum.
Source: https://coinpedia.org/news/pi-coin-news-expert-finally-reveals-why-binance-might-never-list-pi-network/
