After gone through the requirements and compliances required for Coinbase and Binance in listing a crypto token, I suspect the following are the 3 reasons why Pi Network is not listed in these 2 exhchanges yet:

1. Pi Network’s blockchain code is not fully open-sourced.

2. Pi Network has not yet undergone a third-party security audit.

3. Pi Network may not have applied to Coinbase and Binance for listing.

Since Pi is already listed in many popular centralized exchanges already, buying and selling Pi (Liquidity) is not a problem. However, Pi Network will definitely resolved reason 1 and 2 mentioned above in time. Pi listing in both Coinbase and Binance will give Pi price a big boast when it does. Meanwhile, the most importing thing is ecosystem development and mass adoptation. With Pi network putting in place the $100 million venture fund and Pi App Studio helping App development using AI, there is no doubt that ecosystem prosperity and mass adoptation will come. Pi Network has accomplished a lot, its infrastructure is ready, its time to accelerate for a bright future ahead. Fellow pioneers, don't just worry about the daily price fluctuation, continue contributing and be patient, big reward will come! We have great things on Pi to look forward to.

(For Coinbase and Binance listings, third-party security audits are critical but not explicitly tied to open-source requirements. Coinbase emphasizes rigorous security reviews and often prefers audited code, while Binance focuses on technical stability and market demand. The absence of confirmed third-party audits for Pi Network could hinder its listing prospects, as both exchanges prioritize verified security. Open-source code, while not mandatory, would facilitate audits and enhance trust, but Pi Network’s closed mainnet status and lack of public audit reports suggest it may not yet meet these standards.

There is no conclusive evidence that Pi Network has undergone a third-party security audit from a reputable firm like CertiK. Claims of audits exist but are contradicted by official