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downturn […]

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## No Binance listing for Pi
_Despite massive community support and over 2 million votes pushing for a 
Binance listing, Pi Network &#8216;s native token remains unlisted and unheard by 
the exchange as of April 2025._
Pi Network launched with a bold, although somewhat farfetched mission: make 
cryptocurrency mining accessible to anyone with a smartphone. No expensive 
hardware, no complicated setup &#8212; just a simple tap once a day.
While the idea would have Hal Finney turning in his grave, the concept gained 
traction quickly, drawing in millions of users around the world and building 
one of the largest crypto communities to date.
Naturally, as interest in the project grew, expectations around listing on 
major exchanges &#8212; especially Binance &#8212; began to build.
In fact, more than 2 million of Pi Network&#8217;s users participated in a community 
poll in early 2025, with 86% voting in favor of pursuing a Binance listing.
Yet as of April 2025, Pi Network&#8217;s native token, Pi, is still not listed on 
Binance, the world&#8217;s largest cryptocurrency exchange by trading volume.
In fact, there hasn&#8217;t even been an official statement from Binance. It&#8217;s a bit 
like knocking on a neighbor&#8217;s door for help and watching the curtain twitch &#8212; 
but no one ever opens.
## Why hasn&#8217;t Binance listed Pi?
_There are a few reasons Pi hasn &#8216;t made it onto Binance&#8217;s platform, both 
unofficial and official._
Unofficially, concerns have circulated within the broader crypto space since 
Pi Network&#8217;s mainnet launch in February 2025. Critics point to artificially 
inflated user metrics, Ponzi-style dynamics, centralized control of the 
network and tokenomics, or the lack thereof, as dead giveaways.
However, the official stance of Binance experts familiar with the matter 
suggests:
 * **Blockchain compatibility problems:** Binance&#8217;s &#8220;Vote to List&#8221; initiative favors projects built on the BNB Smart Chain. Pi Network operates on its own blockchain, so it doesn&#8217;t meet the core eligibility criteria. 
 * **Transparency issues:** Binance expects clear and public disclosures about how a token is issued, locked or burned. So far, Pi has not provided the level of detail that major exchanges typically require. Without that transparency, it&#8217;s difficult for platforms to assess the integrity of the token&#8217;s economics. 
 * **Regulatory concerns:** In regions like Vietnam and China, Pi Network has come under scrutiny for operating in a way that resembles multilevel marketing (MLM). That kind of classification introduces regulatory uncertainty &#8212; something major exchanges prefer to avoid.
_**Did you know?** You can&#8217;t join Pi Network without a referral code; every 
user has to be invited by someone else. It&#8217;s designed to grow only through 
personal connections._
## Pi token faces market challenges
_Since missing out on Binance &#8216;s stamp of approval, PI&#8217;s price has continued 
to suffer, dropping to around $0.56 as of early April 2025 &#8212; an 80% plunge 
from its all-time high._
And while Pi has made its way onto other platforms such as OKX, Bitget and 
MEXC, none of them bring the same level of exposure or liquidity. Without 
access to Binance&#8217;s massive user base and credibility, it&#8217;s hard for PI to 
gain serious traction in the broader market.
Since then, Pi&#8217;s price line has been choppy. Short-lived spikes have mostly 
been driven by speculation &#8212; often around mainnet rumors or exchange teasers 
&#8212; but they&#8217;ve consistently been followed by corrections. The token has 
struggled to maintain upward momentum, and trading volumes remain thin 
compared to more established projects.
The Pi Core Team has said it&#8217;s been working on improving transparency and 
tightening up the regulatory side of things. That&#8217;s a step in the right 
direction, but whether it&#8217;s enough to win over Binance &#8212; or any other top- 
tier exchange &#8212; is still up in the air.
## Can Pi survive?
_The answer to this question is twofold and relies on where one chooses to 
place the blindfolds._
### Blindfold on: Community power and independent infrastructure
Pi Network does have certain advantages that could allow it to grow without 
relying on top-tier exchange listings.
First, its user base is massive. Even with skepticism growing, Pi claims tens 
of millions of users &#8212; numbers most crypto projects would kill for. This 
scale gives the network a built-in market for its native currency, especially 
in regions where mobile-first solutions have real appeal.
Second, the Pi Core Team has emphasized real-world usage. Through campaigns 
like PiFest, it has tried to prove that Pi is a functional currency as well as 
a speculative asset &#8212; over 125,000 merchants reportedly signed up to accept 
Pi during the March 2025 event.
Even though the actual payment volume remained flat, the infrastructure is at 
least starting to form.
The team also continues to build its own ecosystem &#8212; wallets, decentralizd 
applications and even a proprietary Know Your Customer (KYC) system &#8212; rather 
than relying on third-party platforms or validators. If Pi can evolve into a 
closed-loop economy, where users earn, spend and exchange Pi within its own 
environment, major exchanges may not be as critical.
In theory, Pi could carve out its own lane: not as a speculative coin traded 
on open markets, but as a digital currency used in peer-to-peer economies and 
low-cost marketplaces.
### Blindfold off: A fragile ecosystem with mounting pressure
Despite the initial hype, Pi Coin&#8217;s performance since its mainnet launch has 
been dismal.
The token is facing major inflation pressure: Over 124 million Pi is being 
unlocked in April alone, with a total of 1.53 billion entering circulation in 
the next year, pushing the supply to over 8.2 billion.
Meanwhile, the migration process is broken. Only a fraction of users have been 
able to complete KYC and access their coins, with many reporting lost tokens 
or endless verification loops.
While smaller exchanges like OKX and Bitget list Pi, tier 1 platforms like 
Binance, Coinbase and Kraken have steered clear. The lack of transparency from 
the Pi Core Team on development milestones and token economics only deepens 
user frustration.
_**Did you know?** It&#8217;s been reported that Bybit&#8217;s CEO called the Pi Network a 
&#8220;scam&#8221; &#8212; a label the developers deny but one that hangs heavy in the absence 
of clear communication._
## Without exchange listings, is there a future for Pi Network?
_Could Pi succeed without major exchange listings? Technically, yes &#8212; but the 
odds are narrowing fast._
To do so, it would need to pivot fully into a functional ecosystem where Pi is 
used, not traded. That means solving the KYC backlog, building a real 
application layer, attracting developers and showing meaningful payment 
activity. It&#8217;s a tall order.
The more likely outcome is that Pi needs at least some exchange support to 
gain the liquidity, visibility and trust it currently lacks. Without it, Pi 
may remain a well-intentioned experiment that never fully escapes its enclosed 
garden &#8212; or worse, collapses under the weight of its own hype.
In short, Pi Network doesn&#8217;t need Binance to exist. But to thrive? That&#8217;s 
another story.

Can Pi Network succeed without listing on major exchanges?

Ripple is acquiring Hidden Road in a $1.25 billion deal, marking the second 
billion-dollar-plus acquisition involving a crypto company this year—following 
FTX’s $1 billion purchase of BlockFi. Ripple (XRP) is acquiring prime 
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Ripple acquires prime broker Hidden Road for $1.25 billion to expand institutional services

Altcoin prices bounced back as some investors bought the dip following the 
recent crypto Black Monday, when most of them crashed. Popular tokens like 
Pepe (PEPE), Solana (SOL), JasmyCoin (JASMY), and Bonk (BONK) rose by double 
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