Since the launch of the Open PI network, the community has eagerly awaited the Pi Coin (PI) list on Binance, the largest crypto exchange in the world. However, these expectations have not yet materialized.
In the midst of this, an analyst described three main reasons behind the absence of PI from major exchanges like Binance and Coinbase.
Why has Pi Network not yet obtain a list of Binance?
Beincrypto previously reported that Binance had launched a community vote for the PI list. Although he received 86% of the votes in favor, the exchange did not list the token.
Then, the PI2day, many expected an advertisement concerning the list, but again, there was nothing. However, this may not be without reason.
In a detailed article on X, analyst Kim H. Wong stressed why Binance or Coinbase have not yet listed the PI room. According to him, the first obstacle is the unprecedented nature of the Blockchain Code of the PI Network.
Wong stressed that the open source code facilitates confidence and technical examination, a standard that the PI network has not yet encountered. The second issue is the absence of a third -party security audit.
Major exchanges require rigorous safety assessments to protect users and comply with regulatory standards. The analyst revealed that unaccompanied audit complaints were contradicted by “official non-responsibility clauses”. In addition, there is no reliable documentation or source to verify that the PI network has ever been audited.
“Third -party safety audits are critical but not explicitly linked to open source requirements. Coinbase emphasizes rigorous security examinations and often prefers the verified code, while Binance focuses on technical stability and market demand.
The third reason is that the PI network may not formally apply the list to these exchanges. Currently, Pi Coin is available to trade on several centralized exchanges, notably OKX, Mexc, Bitget, etc. However, if the team has submitted an official request to Binance or Coinbase is uncertain.
This step is essential, because exchanges often require a proactive commitment to project teams, including detailed documentation and compliance with their registration criteria. Without this, the Network Pi path to these high-level platforms remains blocked.
Previously, in an exclusive interview with Beincrypto, Ray Youssef, CEO of the Noon, also stressed that the authorized nature of Pi Network and the lack of transparency concerning the way in which its tokenomics will work in an open environment are key factors that have hampered its list on the Binance.
Meanwhile, Wong added that a list of Binance or Coinbase could prove to be favorable for the price, which is currently only 10.7% to return to its hollow of all time.
Beincryptto data has shown that the Pi Coin price has permanently decreased for two months.
At the time of writing the editorial staff, he negotiated at $ 0.45, down 3.8% during the last day. Trading activity has also slowed down a bit as evidenced by the 5.8% drop in negotiation volume in the last 24 hours.
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