Pi Coin (PI) Resumes Trading on BitMart Exchange After Nearly a Month-Long Suspension

This development has rekindled interest among investors and community members who have stood by the project during its recent challenges.

Pi Coin has started trading again on the BitMart exchange after being suspended for nearly a month, according to a recent announcement by the crypto exchange. This development has quickly sparked interest among investors and community members who have followed the project closely during its recent challenges.

The temporary halt in trading was due to pending KYB (Know Your Business) compliance issues related to 1:1 Pi swaps, leading to a shortfall in liquidity and difficulties for users to convert fiat into Pi Coins.

However, BitMart’s move to bring Pi Coin back signals potential progress on that front and could be a critical step toward re-establishing confidence in the Pi Network.

The crypto market is in constant flux, and this resumption of trading could be the lifeline Pi Coin needs to regain momentum—and possibly revisit the $1 price mark.

Why Was Pi Coin Suspended?

The Pi Network, a project that has captured the imagination of millions with its mobile-first mining approach, hit a major setback when Banxa, a leading fiat-to-crypto on-ramp provider, suspended all Pi-related transactions. The reason was simple—ongoing KYB approval processes were preventing optimal fiat integration for Pi Coins.

This move had a domino effect, leading to a liquidity crunch and leaving many users unable to convert fiat into Pi Coins, further stalling its adoption and daily transaction volume.

Crypto analyst Dr. Altcoin shed light on the situation, stating that Banxa had previously acquired large volumes of Pi at relatively low prices. This observation sparks speculation that the platform might be positioning itself for a strong reentry—which could happen once compliance hurdles are cleared and we might see a rebound in Pi Coin’s price.

What Does BitMart’s Comeback Move Mean?

BitMart’s decision to resume Pi Coin trading is crucial for the Pi Network. The price of Pi Coin has dropped sharply—plunging nearly 80% from its all-time high of $3, now hovering around $0.63. The relisting gives the coin a much-needed dose of legitimacy and could attract a fresh wave of investor interest.

Industry experts suggest that if BitMart secures full KYB approval in the coming weeks, it could open the door for increased trading volume and possibly renewed institutional interest. Some optimistic voices even speculate that Pi Coin might hit the symbolic $1 threshold again if market sentiment improves.

What About Banxa’s Exit—Temporary or Telling?

The news of Banxa suspending support for Pi transactions sent shockwaves through the Pi community. As a major fiat on-ramp, Banxa played a pivotal role in facilitating real-world usability for the token. Without its support, users face extra steps and higher friction to buy or sell Pi.

However, this might not be the end of the road. Insiders hint that Banxa could return to supporting Pi transactions once KYB compliance is achieved. Considering Banxa’s previous strategic investment in Pi, it seems unlikely they’ll abandon the project permanently.

In the meantime, the Pi Network is focused on solidifying its internal ecosystem, with new decentralized applications (dApps) being approved and rolled out—highlighting the team’s commitment to long-term growth over short-term price action.

The Exchange Listing Mystery: Binance, HTX, and Beyond

One of the biggest questions hanging over the Pi Network is its absence from top-tier exchanges like Binance, Coinbase, and Kraken. The lack of listings on these platforms massively limits Pi Coin’s visibility and access to a broader investor base.

However, recent developments have sparked hope. The Pi logo was spotted in a promotional post on HTX (formerly Huobi), stirring rumors about a possible listing. While no official announcements have been made yet, the buzz is enough to keep the community engaged.

For now, the Pi Network remains in a sort of limbo—visible and supported by its community but lacking the infrastructural backing to fully compete in the broader cryptocurrency space.

What’s Next for Pi Coin?

Looking ahead, the Pi Network has several obstacles to clear, but it’s not without its strengths. Community support remains strong, and the developers continue rolling out updates, approving dApps, and improving the ecosystem—all while the broader crypto market is slowly recovering.

Here are some upcoming milestones to watch for:

* Final KYB approvals for BitMart and potentially Banxa.

* Possibly listings on additional exchanges, including HTX.

* Preparations for Consensus 2025, where Pi Network could present a stronger version of itself to the global crypto community.

This period will be crucial for the Pi Network to either break through and reach new heights or face an even steeper climb as the project continues to evolve.

Final Thoughts: Is This the Turning Point?

The news of Pi Coin resuming trading on BitMart might seem small, but it could be the beginning of bigger things to come. If the Pi Network can manage to secure