Expert Finally Reveals Why Binance Might Never List Pi Coin
Pi Coin’s value has been on a rollercoaster—rising to $2.98 earlier than crashing right down to $0.50, leaving many stunned. As of now, Pi is down over 11% and buying and selling at $0.63. One motive for Pi Coin’s battle may very well be its absence from main exchanges like Binance and Coinbase, which limits its visibility and buying and selling quantity.
As reported by Bao Moi, Nguyễn Hà Minh Thông, founding father of Cabo Capital in Ho Chi Minh Metropolis, has shared causes on why Binance has but to listing Pi Token. The skilled mentioned that whereas the Pi group may consider the mission doesn’t want Binance, with out recognition from main exchanges, Pi will proceed to face skepticism and battle to realize actual market worth.
Restricted Open Market Exercise:
Pi Community’s mainnet has been reside since late 2024, but it surely stays in an “enclosed” state, that means transactions are restricted to its inside ecosystem. Binance prefers tasks with totally open, public blockchains to make sure transparency and market stability.
Unclear Tokenomics:
The whole provide of Pi is reportedly 100 billion tokens, however solely about 6.8 billion are in circulation. The Pi Core Crew has additionally diminished the provision by eradicating 10 million tokens with out clear explanations, elevating issues about potential value manipulation. Binance requires clear information on token distribution to keep away from dangers.
Regulatory Issues:
Binance is below regulatory strain globally, particularly within the U.S., the place authorized points round cash laundering and monetary compliance are severe. Pi Community has not been formally acknowledged by any regulatory physique. In Vietnam, cryptocurrencies aren’t legally acknowledged, and in China, Pi was flagged as a “multi-level advertising and marketing mission.” Itemizing Pi might expose Binance to authorized dangers.
Lack of Liquidity and Market Exercise:
For a token to be listed on Binance, it wants robust liquidity and buying and selling quantity on main exchanges. Pi at present trades primarily via OTC channels like Telegram and small exchanges (e.g., OKX, HTX) with unstable costs. Binance prefers tokens which have skilled actual value discovery in open markets.
Centralization Points:
Pi Community has confronted criticism for its excessive degree of centralization, with the Pi Core Crew controlling all mainnet nodes. This contradicts the decentralization precept that main exchanges like Binance prioritize, as seen with Bitcoin and Ethereum.
