Binance Has Rejected Listing Pi Coin, But an Official Statement Is Still Missing

There have been reports suggesting that Binance, one of the largest cryptocurrency exchanges in the world, has rejected listing Pi Coin.

Rumors have swirled in the crypto sphere about Binance rejecting the listing of Pi Coin. However, an official statement from Binance is yet to arrive, leaving the situation shrouded in some ambiguity.

According to reports, Binance explained its stance on not listing Pi Coin yet. The exchange explained that Pi Network is still too centralized and hasn’t launched an open mainnet. Only after these issues are fixed can Pi Coin be listed, with decentralization and an open mainnet being key to the process.

Naturally, fans and investors of Pi Coin on social media quickly reacted to this news. According to them, the reports are false and Binance’s claims about the mainnet being closed are incorrect.

“The mainnet is open! It launched on February 20,” one Pi Coin supporter pointed out. Another one stated: “I’m pretty sure Binance hasn’t officially confirmed anything. So this news may just be a rumor.”

There’s no official statement from Binance saying they rejected Pi Coin, so that shows there might not be any truth to the reports.

Pi Network launched its open mainnet on February 20, aiming for better decentralization and infrastructure. The community has been busy growing and improving its platform. However, it still has challenges ahead, such as getting more recognition and liquidity.

Without an official statement from Binance, no one knows for sure whether the coin will be listed. Some are hopeful that Binance will eventually recognize Pi Coin’s progress. However, others remain skeptical.

If Binance really has rejected Pi Coin, it could be a big setback for the project. On the other hand, if Binance is just waiting for more progress, the coin’s supporters might still have hope.

At press time, Pi coin has gained more than 3% and is trading at $0.84.