Why Pi Coin Isn't Listed on Binance Yet | Community Concerns Grow
A rising wave of people are questioning why Pi Coin has yet to see listing on major exchanges like Binance, especially after an impressive community vote in favor of it—with over 85% supporting the proposal. With August 15, 2025, touted as a potential listing date, the lack of formal backing from Binance and the Pi Core Team is raising eyebrows across the crypto community.
Examining the Current Landscape
Despite having a market cap of around $12 billion, Pi Coin remains sidelined from major platforms. Community sentiment is mixed; many are hopeful about future listings, while skepticism lingers. "I hope not too many people believe in that August 15 BS," said one commentator, reflecting a palpable sense of disillusionment.
Key Reasons for the Listing Delay
Closed Mainnet: Pi’s mainnet is not fully open, limiting necessary transparency for investors.
Regulatory Issues: Compliance questions crop up due to the absence of independent audits.
Centralized Governance: The Pi Core Team maintains too much control, which clashes with the decentralized ethos favored by exchanges like Binance. As one poster pointed out, "Binance cares about if they can make profit with it and also to not get sanctioned."
Recent commenter analyses have highlighted that the project meets some of Binance's fundamental requirements partially, including project fundamentals and credibility, but regulatory compliance and due diligence fail to meet expectations. The team’s centralized governance and non-open-source code could become sticking points.
Interestingly, despite exchanges like OKX and Bitget agreeing to list Pi Coin, Binance's standards seem much tougher. Some speculate that the KYB (Know Your Business) requirements further complicate matters for Pi Coin.
Community Perspectives Split
Critics are vocal about their concerns, but others firmly defend the core vision of the Pi Network. "What the majority of short-term get-rich-quick pioneers don’t understand is that a listing would be counterproductive," argued one participant. This sentiment underscores a desire for the project to maintain its integrity rather than rush into trading on major platforms.
Growing Concerns of Scams
Scams around Pi Coin remain a hot topic. Many warn of the dangers linked to false listing rumors. "Shows how rumors can spread like wildfire," voiced one cautious member, emphasizing the need for verified information. However, the potential profits from an official listing continue to loom large in the minds of community members.
Key Takeaways
🗳️ 85% of the community is in favor of a Binance listing, yet uncertainty persists.
⚖️ Regulatory hurdles and closed governance structures are significant barriers.
🔍 "Finally, someone said it," citing a need for transparent communication from the Pi Core Team.
While speculation abounds, it remains to be seen what steps Pi Coin will take to clear major obstacles for securing a listing on Binance or other big exchanges. As August approaches, experts suggest that without significant progress on regulatory and transparency fronts, the outlook continues to be cautious.