Pi Coin Faces Major Hurdles for Exchange Listing Amid Volatility and Regulatory Concerns
Pi Coin’s value has seen drastic changes, recently surging to $2.98 before collapsing to $0.50.
Currently, it’s trading at about $0.63, down over 11%. One reason behind this volatility could be its absence from major exchanges like Binance and Coinbase, which limits its exposure and trading volume.
Nguyễn Hà Minh Thông, founder of Cabo Capital, suggests that despite the Pi community’s belief in the project’s independence, lacking major exchange listings hinders its credibility and real market value.
One major hurdle for Pi Coin is its limited market presence. Although Pi Network launched its mainnet in late 2024, it remains closed to external blockchain interactions, which makes it less appealing to Binance, as the exchange favors projects with open, public blockchain ecosystems.
Another concern is the tokenomics. While Pi’s total supply is around 100 billion tokens, only 6.8 billion are in circulation. Recently, the Pi team cut 10 million tokens without explanation, raising worries about possible price manipulation. Binance typically lists tokens with clear and transparent distribution data.
READ MORE: Justin Sun Accuses Hong Kong Custodian of Major Fund Misuse
Regulatory uncertainty adds to the hesitation. Binance, already under pressure globally, is wary of tokens without clear legal recognition. Pi Network lacks formal regulatory approval, and in places like Vietnam and China, it faces skepticism, being labeled as a multi-level marketing scheme.
Liquidity is also an issue. To get listed on Binance, a token needs strong trading volume and stability from major exchanges. Currently, Pi Coin is mostly traded via OTC channels and smaller platforms like OKX, where prices fluctuate widely. Binance prefers assets that have undergone thorough market testing.
Lastly, centralization remains a problem. Pi Network’s mainnet is controlled primarily by its core team, contradicting the decentralized ethos that Binance generally supports, seen with projects like Bitcoin and Ethereum.
Unless Pi addresses these issues, securing a listing on major exchanges will remain a challenge.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
