Recently, some cryptocurrency exchanges announced the delisting of Pi Network (Pi) as an IOU before the project's expected official network launch on February 20, 2025. Below is a summary of the timeline and reasons for the delisting from several exchanges:
1. CoinW:
Delisting date: February 13, 2025.
Reason: To protect user rights ahead of the Pi Network's official network launch.
2. HTX (formerly Huobi):
Delisting date: February 13, 2025 (will automatically convert Pi to USDT).
Reason: To avoid risks related to the discrepancy between the value of Pi (IOU) and the actual value of Pi after the network opens.
3. BitKan:
Delisting date: Before February 20, 2025 (specific date not specified).
Reason: Similar to other exchanges, to protect user rights and minimize risks from value discrepancies.
However, some exchanges like Bitmart and XT.com are still listing Pi as an IOU. These exchanges may decide to list or delist Pi after the project officially opens the network on February 20, 2025.
The delisting of Pi (IOU) on these exchanges aims to protect users from potential price volatility when the Pi Network officially opens the network. Investors should stay updated regularly and be cautious before making investment decisions.
Note: The information above is compiled from reliable sources and may change over time.
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