OKX and Huobi, well-known exchanges, have launched Pi coin trading. Here is the relevant information about the launch of Pi coin trading on OKX and Huobi:

OKX Launches Pi Coin Trading

• Deposit Opening Time: February 12, 2025, 10:45 AM (UTC+8)

• Auction Trading Period: February 20, 2025, 3:00 PM to 4:00 PM (UTC+8)

• Spot Trading Opening Time: February 20, 2025, 4:00 PM (UTC+8)

• Withdrawal Opening Time: February 21, 2025, 4:00 PM (UTC+8)

Huobi Launches Pi Coin Trading

Huobi Exchange also launched the IOU (futures contract) trading of Pi coin on February 20, 2025, with prices fluctuating violently in a short period, soaring to 100 US dollars at one point, and then falling back to 80 US dollars, with an increase of over 70% within 24 hours.

Market Reaction to Pi Coin Trading

• Price Fluctuation: After Pi coin was launched on OKX, the price experienced severe fluctuations, dropping to 1.6 USDT on the first day of trading, far below market expectations.

• User Response: The user base of Pi coin mainly consists of middle-aged and elderly individuals, who are filled with expectations for the launch of Pi coin, but many also express concerns about its price volatility.

Compliance of Pi Coin Trading

• Isolated Listing Model: Both OKX and Huobi have adopted an isolated listing model, restricting deposits and trading for users in mainland China to comply with local laws and regulations.

• Regulatory Risks: Pi coin faces regulatory challenges in multiple countries, including the securitization risks posed by the US SEC and investigations into pyramid schemes by Chinese police.#OKX #pi