Coinbase and Binance, two of the most reputable cryptocurrency exchanges in the world, have yet to list PI, the native token of Pi Network, despite the project having received a surge of attention in 2025. Cryptocurrency analysts suspect that fundamental issues surrounding transparency and security of the blockchain network may be the reasons it has not been accepted on the leading exchanges.
Two Main Reasons Why PI Is Not Listed on Coinbase and Binance
Such an analyst shared their observations in a post on X, noting that the lack of independent verification is one of the main reasons why leading cryptocurrency platforms refuse to list PI. According to this analyst, the blockchain of Pi Network is not entirely open-source, and that is the fundamental reason why listing on Coinbase and Binance has become difficult.
This analyst also mentioned that Pi Network has yet to undergo any third-party security audits. Therefore, users remain skeptical about the reported status of Pi Network, as they know that this information comes from individuals or groups that may have vested interests in the project.
However, despite the possibilities arising from the above reasons, the analyst notes that Pi Network may still not have approached Coinbase and Binance with a listing proposal for its native PI token.
Why Listing on Coinbase and Binance Could Drive PI Adoption
Typically, listing on Coinbase and Binance significantly contributes to enhancing user trust in digital assets. The achievements of these platforms over the years and their listing requirements help elevate the credibility of the digital assets listed on the platform.
Their global coverage is also an advantage for projects listed on exchanges, considering that they introduce such solutions to a wider audience, making them easier to adopt broadly. Therefore, many cryptocurrency users believe that the difficulties of PI are due to this digital asset not being listed on the two major cryptocurrency exchanges.
PI is trading at $0.4507 at the time of writing, having endured severe downward pressure for over the past 10 weeks. This cryptocurrency has collapsed following a temporary price surge in May, losing over 73% of its value since then amid a massive sell-off.