In a surprising move that has left millions of Pi Coin holders stunned, Binance, the world’s largest cryptocurrency exchange by volume, has refused to list Pi Coin on its trading platform. Despite a strong community backing and a growing user base, Binance’s rejection of Pi Coin raises significant concerns about the project’s fundamentals, decentralization, liquidity, and overall transparency.
But the big question is — Why did Binance reject Pi Coin listing? What are the exact reasons behind this refusal despite such a massive global user base? And more importantly — what are the remaining options for Pi Coin listing in 2025?
Let’s dive deep into a well-researched, expert-backed, and easy-to-understand analysis that decodes every angle of this critical development.
Binance Community’s Demand vs. Reality
For months, Pi Network supporters have been actively campaigning on Binance Square, urging the platform to list Pi Coin. Hashtags like #ListPiCoinOnBinance were trending frequently, and community petitions flooded Binance’s forums. However, Binance has remained firm on its stance of not listing the coin.
A verified crypto analyst and content creator “Blogtienso”, who publishes on Binance Square, has supported Binance’s decision, citing four major reasons that justify the rejection.
Expert Analysis: Why Binance Said “No” to Pi Coin
According to Blogtienso’s detailed analysis, Binance’s decision is based on four strong technical and strategic reasons, which we will now break down one by one:
1. Misleading Value of Pi Coin Due to Locked Supply
One of the biggest criticisms is that most Pi Coins are still locked in user accounts and cannot be traded or liquidated. This creates an illusion of value that does not reflect actual liquidity.
Here’s a quick breakdown:
| Parameter | Status in Pi Network |
|---|---|
| Total Supply | 100 Billion (approx) |
| Liquid Supply Available | Only 6.82% |
| Tradable on Exchanges | Extremely limited |
| Locked Coins | Over 93% |
So, although your app may show 10,000 Pi Coins, in reality, they are non-tradable, making the total value of holdings an illusion. From a trading and market liquidity standpoint, this is a major red flag for a platform like Binance that values transparent and fair price discovery.
2. Endless KYC Verification Delays
The Know Your Customer (KYC) verification system in Pi Network has been a serious bottleneck. Many users have reported waiting for months and even years to get verified, while others have been blocked or rejected without clear reasons.
This lack of transparency and delay in user authentication has eroded trust in the Pi ecosystem, and platforms like Binance consider such issues as high compliance risks.
⚠ “A project that cannot ensure seamless identity verification cannot be trusted with high-volume trading exposure,” say compliance analysts at several exchanges.
3. Centralized Control Disguised as Decentralization
Despite claims of promoting decentralized finance (DeFi), Pi Network operates under a highly centralized structure. The entire system is controlled by a small group of developers, leaving little or no autonomy to the broader community.
This is in contradiction to the core values of blockchain technology, which emphasize openness, decentralization, and democratic participation. Binance prefers projects that are governed by community nodes or DAOs (Decentralized Autonomous Organizations), which is clearly missing in Pi’s case.
4. Users Exploited for Media Hype
Another sharp criticism is that Pi Network uses its large user base primarily for promotional activities rather than actual development. Frequent “mining encouragement messages,” banners, and app notifications appear to serve more as marketing tools than meaningful technological updates.
Many analysts argue that “Pi Network is more of a marketing bubble than a real crypto revolution.”
This continuous media hype without solving core issues has made many crypto experts skeptical about the long-term vision of Pi Network.
Latest Development: Pi Coin Listed on CoinEx
In a ray of hope for Pi holders, Pi Coin has recently been listed on CoinEx Exchange on March 18, 2025, becoming the 12th exchange globally to list Pi Coin.
According to CoinEx’s official announcement, Pi Coin trading is now live, allowing limited liquidity trading with Pi pairs. This step may boost short-term market sentiment, but it still doesn’t solve the core issues that led to Binance’s rejection.
| Exchange Name | Listing Status | Listing Date |
|---|---|---|
| CoinEx | ✅ Listed | March 18, 2025 |
| Binance | ❌ Rejected | Not Announced |
| CoinDCX (India) | ⏳ Expected | Coming Soon |
What Are the Remaining Options for Pi Coin Listing in 2025?
Although Binance’s rejection is a setback, Pi Network still has a few big options open to get listed on global exchanges. Let’s look at some possible future pathways:
1. CoinDCX (India’s Top Crypto Exchange)
CoinDCX, one of the leading Indian crypto platforms, has shown interest in Pi Coin listing. Sources confirm that discussions are ongoing, and an official listing could happen soon. If successful, this could give a big regional push to Pi Coin adoption in India.
2. KuCoin, Gate.io, and BitMart
Several mid-tier global exchanges are reportedly in talks to evaluate Pi Coin’s listing proposal. These include:
- KuCoin
- Gate.io
- BitMart
Although they don’t offer Binance-level volume, listing on these platforms could improve global trading accessibility and build market reputation gradually.
3. Decentralized Exchanges (DEXs)
As an alternative, Pi Network can also choose DEX listings like PancakeSwap or Uniswap, but this requires Pi Coin to be available on public blockchains like BNB Chain or Ethereum, which is currently not the case.
Current Price & Market Cap of Pi Coin (As on March 21, 2025)
As per live market data:
- Pi Coin Price: $1.17 USD
- Market Capitalization: Approx $8 Billion USD
- Liquid Supply Available for Trading: Only 6.82%
This means the real tradable value is far lower than what appears on paper due to the majority of locked coins.
Is Pi Coin Still Worth Holding?
This is a common question among millions of users worldwide. The answer is — it depends on your risk appetite and future vision.
Let’s evaluate:
| Aspect | Pros | Cons |
|---|---|---|
| Community Support | Massive global user base | Lacks commercial adoption |
| Listing Potential | CoinEx, CoinDCX, more exchanges may follow | No Tier-1 exchange support (yet) |
| Tech Innovation | Mobile mining concept is unique | Still lacks public blockchain integration |
| KYC System | Some users verified | Unpredictable and non-transparent for many |
| Long-term Holding Value | Could increase if ecosystem develops | Might fail if decentralization is not implemented soon |
Conclusion: Binance’s Rejection is a Wake-Up Call for Pi Network
There’s no doubt that Binance’s refusal to list Pi Coin is a huge blow to the project’s credibility. But it also sends a strong message that community hype alone cannot drive crypto success — a project must have clear fundamentals, decentralization, liquidity, and compliance transparency.
For Pi Network to gain mainstream adoption, it must now focus on:
- Unlocking user coins gradually
- Speeding up KYC verifications
- Creating an open, public blockchain
- Enhancing transparency in governance
Only then can it win back trust and find its place among the top cryptocurrencies in the world.
FAQs – Pi Coin Listing and Binance Rejection
Q. Why did Binance reject Pi Coin?
A. Due to issues like low liquidity, endless KYC delays, centralized governance, and overhyped marketing practices.
Q. Where is Pi Coin listed now?
A. Pi Coin is listed on CoinEx and 11 other small exchanges. CoinDCX listing is expected soon.
Q. What is the price of Pi Coin in March 2025?
A. As per latest data, it is trading around $1.17 USD.
Q. Is Pi Coin safe to invest in?
A. It’s still a high-risk project. Proceed with caution and only invest what you can afford to lose.