BitMart Resumes Trading of Pi Network's Native Token (PI Coin)

Pi Network's native token (PI Coin) remained volatile at $0.6516 after BitMart resumed trading of the token on April 25, 2025.

Pi Network’s native token (PI) remained volatile at $0.6516 on April 25, 2025, as BitMart resumed trading of the token after a month-long suspension. This hints at progress in the Know Your Business (KYB) process, whereas Banxa’s sudden delisting and recent $19 million Pi acquisition has fuelled mixed sentiments.

The token has dropped approximately 80% from its 2025 peak which indicates liquidity challenges, although strategic moves by key players and upcoming events provide cautious optimism.

BitMart’s Relisting and KYB Implications

BitMart’s month-long suspension ended without any formal KYB confirmation from Pi’s core team, even though the exchange’s actions suggest towards procedural advancements. With restarting the trading option, unresolved withdrawal restrictions and the pending 1:1 token swap continue to test the patience of the investors.

On the other hand, Banxa’s removal of Pi purchasing options, even though its recent acquisition of 30.5 million Pi, adds to the confusion, with analysts speculating compliance adjustments or strategic repositioning.