Coinbase and Binance Refuse to List Pi Network Due to Transparency and Security Concerns?

Why Pi Network is Struggling to Be Listed on Coinbase and Binance

Pi Network has been making waves in the cryptocurrency space with its unique approach to decentralized finance. However, despite gaining immense popularity worldwide, it seems that the platform is struggling to get listed on prominent exchanges like Coinbase and Binance.

According to Kim H Wong, a crypto analyst, Pi Network’s lack of transparency and security measures are major reasons why it has not been able to secure a listing on these platforms. The first issue is the platform’s failure to be fully open-sourced, which raises concerns about control and transparency. This move has been criticized by many in the cryptocurrency community, who argue that this lack of transparency hinders trust-building within the network.

Another significant obstacle is the absence of third-party security audits. Industry experts have expressed their concerns over the lack of independent verification, indicating a potential risk to both the platform’s security and users’ private information and funds. This vulnerability makes it an attractive target for potential attacks or manipulation.

Lastly, it has been speculated that Pi Network may not have even applied to these exchanges for listing. There have been numerous rumors and discussions surrounding the possibility of Pi Network being listed on Binance and Coinbase, but neither platform has officially confirmed or denied these reports, nor has Pi Network made any official statement regarding its efforts to get listed.

With this information in mind, it’s crucial to consider what this means for Pi Network’s future. Despite these challenges, many experts predict that the platform will see long-term success and integration with anticipated price increases by 2030.

Source: coinpedia.org