Why Binance Hasn’t Listed Pi Network Yet: Key Reasons

Binance, one of the largest cryptocurrency exchanges in the world, has not yet listed Pi Network (PI) for several reasons. Pi Network is a relatively new cryptocurrency that aims to make mining accessible to everyone through a mobile app. Pi Network mobile-mined cryptocurrency, has gained millions of users since its launch in 2019. Despite its popularity, Pi Coin remains unlisted on major exchanges like Binance. Many in the Pi community wonder why hasn’t Binance listed Pi yet? Here are some key reasons why Binance has not listed Pi Network yet:

1. Pi Network Is Still in Enclosed Mainnet (Not Fully Open)

Binance typically list tokens that are fully tradable with liquidity. Until Pi opens its mainnet fully, a major exchange listing is unlikely. Pi Network is currently in an enclosed mainnet phase, which means that the network is not fully open to the public for trading. The enclosed mainnet is a testing phase where users can mine and earn Pi coins, but they cannot trade them on external exchanges. This limited functionality makes it difficult for Binance to assess the token's liquidity and market demand.

2. Transparency Concerns Over Tokenomics

Binance prioritize projects with transparent mechanisms for token supply, locking, and burning. Analysts have pointed out that Pi Network’s core team has not fully disclosed how it manages the billions of Pi Coins in circulation. For instance, the circulating supply has fluctuated—recently dropping to 6.77 billion—raising questions about potential market manipulation or stabilization efforts. This lack of transparency can deter Binance from listing the token, as they prefer to work with projects that have clear and well-defined tokenomics.

3.Binance’s Listing Requirements

Binance has strict listing requirements that projects must meet before they can be listed on the exchange. These requirements include a strong development team, a clear use case for the token, and a solid community backing. While Pi Network has a large user base, it may not yet meet all of Binance's criteria for listing. The project is still in its early stages, and it may take time for it to mature and meet the necessary requirements.

4. Strategic Timing and Competition

Binance’s decision could also be a matter of strategy. With Pi already listed on several centralized exchanges, its 24-hour trading volume has surged, averaging around $500 million. Some speculate that Binance is waiting for the right moment to maximize impact—perhaps after Pi resolves its transparency and decentralization issues. Additionally, listing Pi too early could dilute Binance’s focus on other high-profile tokens or risk a price crash if the market isn’t fully prepared. By delaying, Binance might be positioning itself to capitalize on Pi’s potential without compromising its reputation.

While Pi enthusiasts eagerly await a Binance listing, the network must first overcome regulatory, technical, and liquidity challenges. Once Pi transitions to an open mainnet and proves its market viability, exchanges like Binance may take notice.