Binance Won’t List Pi Coin (PI): Here Are the Main Reasons Why
- Binance opts not to list Pi Coin, citing multiple development & regulatory red flags
- Pi Network’s closed mainnet prevents transparency & liquidity assessment by exchanges
- Regulatory uncertainty, centralization & lack of liquidity are key listing hurdles
Binance, the world’s largest crypto exchange by volume, confirmed it will not list Pi Network’s Pi Coin, a decision met with disappointment among the project’s large community of supporters. The exchange’s move lays out the hurdles related to Pi’s current development stage, market readiness, and uncertain regulatory standing.
Despite Pi Network’s considerable user base, Binance’s standard due diligence process uncovered several potential issues preventing a listing at this time.
Why Pi Network’s Closed Mainnet is a Hurdle
A central issue is Pi Network’s closed mainnet environment. With the blockchain not yet fully open or accessible externally, transactions remain confined, limiting the transparency crucial for decentralized networks.
Related: Pi Network Price Plunge: What’s With the Pi Coin’s Wild Price Swings?
This lack of open infrastructure prevents major exchanges like Binance from …
The post Binance Won’t List Pi Coin (PI): Here Are the Main Reasons Why appeared first on Coin Edition.
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Binance Won’t List Pi Coin (PI): Here Are the Main Reasons Why
- Binance opts not to list Pi Coin, citing multiple development & regulatory red flags
- Pi Network’s closed mainnet prevents transparency & liquidity assessment by exchanges
- Regulatory uncertainty, centralization & lack of liquidity are key listing hurdles
Binance, the world’s largest crypto exchange by volume, confirmed it will not list Pi Network’s Pi Coin, a decision met with disappointment among the project’s large community of supporters. The exchange’s move lays out the hurdles related to Pi’s current development stage, market readiness, and uncertain regulatory standing.
Despite Pi Network’s considerable user base, Binance’s standard due diligence process uncovered several potential issues preventing a listing at this time.
Why Pi Network’s Closed Mainnet is a Hurdle
A central issue is Pi Network’s closed mainnet environment. With the blockchain not yet fully open or accessible externally, transactions remain confined, limiting the transparency crucial for decentralized networks.
Related: Pi Network Price Plunge: What’s With the Pi Coin’s Wild Price Swings?
This lack of open infrastructure prevents major exchanges like Binance from …
The post Binance Won’t List Pi Coin (PI): Here Are the Main Reasons Why appeared first on Coin Edition.
Read More