Pi Network, Binance, Listing Reasons: Decoding the Delay

Why hasn't Pi Network been listed on Binance? We delve into the key factors, from blockchain transparency to formal application processes.

The buzz around Pi Network and its potential listing on Binance has been palpable since the launch of Pi’s Open Network. But why the hold-up? Let's break down the reasons behind the delay.

Why No Binance Listing Yet?

Despite community votes favoring a listing, and anticipation around events like Pi2Day, Binance hasn't added Pi Coin (PI). An analyst on X, Kim H. Wong, points out several key issues.

The Open-Source Question

First, Pi Network's blockchain code isn't open source. Open-source code builds trust through scrutiny, a standard Pi Network hasn't met. This lack of transparency is a significant hurdle.

Security Audit Concerns

Major exchanges like Binance demand rigorous security audits to protect users. Claims of audits for Pi Network are unverified and contradicted by official disclaimers. Without solid proof of a third-party security audit, Binance is unlikely to list Pi Coin.

The Application Process

Has Pi Network even applied for listing on Binance? While PI trades on exchanges like OKX and MEXC, a formal application to Binance is crucial. Exchanges need detailed documentation and compliance with their criteria. Without this engagement, a Binance listing remains a distant dream.

Expert Opinions

Ray Youssef, CEO of NoOnes, highlights Pi Network's mainnet's permissioned nature and a lack of clarity on tokenomics in an open environment as further roadblocks.

What a Binance Listing Could Mean

A Binance listing could boost Pi Coin's price, which has been declining. As of recent data, Pi Coin traded at $0.45, down 3.8% over the day, with trading activity slowing.

Adding Kaia (KAIA) Context

Binance's recent announcement of temporarily halting deposits and withdrawals for Kaia (KAIA) highlights its commitment to network updates and security. The KAIA update, scheduled for July 17, 2025, aims to enhance functionality, security, and regulatory compliance. This includes integrating Chainalysis and introducing stablecoin payments for transaction fees. While seemingly unrelated, this underscores Binance's rigorous approach to any coin it lists or supports.

Final Thoughts

So, will Pi Network ever make it to Binance? It's a mixed bag. Addressing transparency, security, and formal application requirements is crucial. Until then, the Pi community will have to keep waiting... and maybe keep mining! Who knows, maybe one day we'll all be paying for our lattes with Pi on Binance. One can dream, right?