Why is Pi Network still not listed on Binance?

BeInCrypto previously reported that Binance launched a community vote for the listing of PI. Despite receiving 86% of the votes in favor, the exchange did not include the token.

Then, at Pi2Day, many were expecting a listing announcement, but again, nothing happened. However, this may not be without reason.

In a detailed post on X, analyst Kim H. Wong highlighted why #Binance or Coinbase have not listed Pi Coin.

According to him, the main obstacle is the non-open-source nature of the Pi Network blockchain code.

Wong emphasized that open-source code facilitates trust and technical evaluation, standards that Pi Network has yet to meet. A second issue is the lack of third-party security audits.

Major exchanges require rigorous security assessments to protect users and comply with regulatory standards.

The analyst noted that claims of unverified audits were refuted by an official notice.

Additionally, there is no documentation or reliable sources to verify that Pi Network has ever been audited. #Write2Earn #wct #BinanceUIRefined #BinanceSquare