Despite achieving record popularity and having an extremely active global user community by 2025, Pi Network has still not been listed on the two largest cryptocurrency exchanges in the world, Binance and Coinbase. This raises many questions: What is preventing Pi Network from accessing the mainstream trading market? In a post on platform X (formerly Twitter), cryptocurrency expert Kim H Wong outlined three main reasons explaining why Pi is still "absent" from these leading exchanges.

1. Not Fully Open Source

One of the important criteria for a cryptocurrency project to be listed on major exchanges is transparency. However, Pi Network has not yet fully opened its source code, raising concerns among many experts about the lack of transparency in its operation mechanisms as well as tokenomics (the distribution and usage structure of the token).

The lack of open source code makes it difficult for external development communities to verify and assess the transparency and security of the project. This can lead to doubts about whether Pi is overly centralized.

2. Lack of Independent Security Audits

Another major issue is that Pi Network has not undergone security audits from third parties – a nearly mandatory standard for any blockchain project wishing to achieve widespread acceptance.

The lack of independent security audits raises concerns among experts about the risk of vulnerabilities existing in the system, which could be exploited by hackers. Additionally, users cannot feel secure without an independent body verifying that the platform ensures the safety of their personal data and assets.

3. Has Not Submitted a Listing Application

One lesser-known reason mentioned by expert Kim H Wong: Pi Network may never have submitted a listing application to Binance or Coinbase.

Although there have been many rumors and expectations in the community that Pi will soon be listed, neither Pi Network nor the two major exchanges have ever made any official statements regarding listing negotiations. This opens up the possibility that, as of now, Pi Network has not proactively approached the major exchanges for official trading.

What Will the Future of Pi Network Be?

Pi Network's long-term goal is to build a strong user ecosystem, instill trust within the community, and aim to turn Pi into a currency that can be used daily.

The project aims to simplify the transaction process, especially through mobile devices – a notable strength of Pi Network since its launch.

Although not yet available on major exchanges, many analysts still assess that Pi Network has long-term growth potential, especially if they can address issues of transparency, security, and officially enter the "open mainnet" phase.

Some forecasts are even optimistic that the price of Pi could see significant growth by 2030, when the project achieves sufficient maturity in technology, legal standing, and trust from the international community.

Conclusion

The fact that Pi Network has not been listed on Binance and Coinbase is not simply due to "not being the right time," but rather because the core factors of transparency, security, and legal processes have not yet been completed. However, if Pi Network seriously addresses these issues, the door to listing on major exchanges remains wide open.