Crypto exchange Binance has not yet included Pi Coin in its listings, despite its strong community support. Binance community members have been demanding the listing of this coin, but Binance has rejected it.
A verified creator and crypto expert, Blogtienso, on Binance Square, has supported this decision. He has highlighted four key reasons explaining why Binance’s decision is justified. Let’s explore these reasons and understand which major exchanges still offer listing options for Pi Coin.
1. Pi Coin’s Locked Liquidity and Misleading Value
One of the biggest issues with Pi Network is its lack of liquidity. Users have been mining Pi Coin for years, but most of these coins are still locked and unavailable for trading, which makes their value misleading.
Until the liquidity of these coins increases, their practical usability will remain impossible. Major exchanges like Binance prefer cryptocurrencies that have effective market liquidity before listing them.
2. Lack of Transparency in the KYC Process
Pi Network’s KYC (Know Your Customer) verification process has been controversial. Many users have had to wait for years to get their identity verified, while others were blocked without clear reasons.
Such an opaque system reduces trust within the community. Binance only prioritizes projects whose verification processes are fast and transparent.
3. Centralized Control and Lack of Decentralization
Pi Network claims to be decentralized, but the reality is quite the opposite. The network is entirely controlled by the developer team and a few insiders.
Users have no autonomy, which contradicts the core principles of blockchain technology. Binance avoids listing centralized control-based coins to ensure fairness for its users.
4. Media Hype and Lack of Real Utility
Another major concern about Pi Network is that it uses its community to generate media hype rather than focusing on real-world utility.
Users are continuously encouraged to mine Pi Coins, but no real solutions have been provided for their usability. Unless Pi Coin develops a strong use case, Binance and similar exchanges will not be interested in listing it.
Where is Pi Coin Listed Now?
Even though Binance has refused to list Pi Coin, it was officially listed on CoinEx on March 18, 2025.
This marks the 12th exchange to list Pi Coin. CoinEx has officially announced that Pi Coin is now available for trading on its platform.
Additionally, CoinDCX in India has also stated that it is considering listing Pi Coin soon.
Pi Coin’s Current Price and Market Cap
As of 2:30 PM IST, Pi Coin’s price was $1.17.
Currently, its market capitalization is around $8 billion. However, out of the 100 billion total supply, only 6.82% is liquid, meaning that only 6.82% of Pi Coins are available for trading in the market.
Why Didn’t Binance List Pi Coin?
There are four primary reasons why Binance has decided not to list Pi Coin:
- Lack of liquidity – Most Pi Coins are still locked.
- Lack of transparency in the KYC process – Delays and unclear verification procedures.
- Centralized control – Users have no real ownership over the network.
- Media hype instead of real utility – No solid use cases for Pi Coin.
However, Pi Coin is now available on CoinEx, and CoinDCX is also considering listing it.
The real question now is whether Pi Network will improve its system enough to get listed on major exchanges like Binance in the future.
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