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Why Binance & Bybit Haven’t Listed Pi Network👇

Pi Network remains absent from major exchanges like Binance and Bybit, sparking debates among crypto enthusiasts. Several key factors contribute to this exclusion.

Transparency Concerns

One major issue is Pi Network’s lack of transparency regarding its tokenomics. The Pi Core Team (PCT) recently reduced its circulating supply by 10 million tokens, bringing it to 6.77 billion. However, the details of these reductions remain unclear. Major exchanges require a well-defined economic model to prevent market manipulation, and Pi’s opaque supply adjustments raise red flags.

Exchange Skepticism

Bybit’s CEO, Ben Zhou, has openly dismissed listing Pi Network. Drawing parallels to past financial scams, Zhou expressed concerns about potential disputes and financial risks. This cautious stance is shared by other exchanges that are hesitant to engage with a project lacking regulatory clarity.

Community Backlash

Pi’s strong community has actively lobbied for listings, with 86% voting in favor of a Binance listing. However, the lack of progress has led to frustration. Some users have taken to social media and review platforms to voice their dissatisfaction, even leaving negative reviews for exchanges that refuse to list Pi.

Legitimacy & Compliance Issues

Pi Network’s referral-based mining model has faced criticism for resembling a pyramid scheme, particularly in China. Additionally, compliance issues may be preventing exchanges from listing Pi. Platforms like Bybit must meet strict regulations, including Know Your Business (KYB) standards under the EU’s MiCA framework. Pi Network’s failure to meet these regulatory requirements further delays its acceptance.

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