Jakarta, Pintu News – Pi Coin is again facing pressure in the market with its current value hovering around $0.2109, down about 2.5% in the last 24 hours. After peaking at $2.98, interest in the community-driven project has started to fade. Pi Coin’s presence on Binance, one of the largest crypto exchanges, is considered crucial to its recovery in value and legitimacy.
Listing on Binance not only signifies the legitimacy of a crypto project but also provides exposure to millions of traders. For the Pi Network, this means liquidity, attention, and possible price recovery. However, Binance has strict listing standards.
Each project must meet technical, regulatory, and operational standards before being considered. Binance is known for its selectivity in choosing which coins to list. Projects that don’t meet these criteria are often unable to penetrate major markets, which ultimately affects their value and adoption.
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Changpeng Zhao (CZ), CEO of Binance, recently commented on how the exchange decides which coins to list. While not directly mentioning Pi Coin, his statement provides insight into why there may be delays. CZ stated that “strong projects don’t need to pay or ask to be listed, exchanges will compete to list them.”
Unpopular opinion post:
On Listing "Fees" (saw this a few times recently)
1. If you are a project complaining about listing airdrops or "fees" (to users),
Don't pay it.
If your project is strong, exchanges will race to list your coin.
If you have to beg an exchange to list,… https://t.co/DtEMb4RdS0
Furthermore, CZ emphasized that projects should focus on product development and community building rather than pursuing listing on exchanges. According to him, exchanges use different listing models, such as charging listing fees, requesting airdrops, or offering refundable security deposits to protect users from fraud.
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Although CZ and He Yi, another Binance founder, didn’t specifically mention Pi Network, their comments give an idea of why the token is still not listed.
Binance prioritizes strong fundamentals, regulatory clarity, and transparent operations. Pi Network’s delay in launching an open mainnet and lack of tradable liquidity may be the reasons for not meeting Binance’s criteria.
Until Pi Network completes its blockchain update, achieves regulatory compliance, and demonstrates active on-chain usage, the possibility of listing on Binance seems remote. This shows the importance of infrastructure readiness and regulatory compliance in this dynamic crypto world.
In conclusion, although Pi Coin has a strong community, it still has many steps to go before it can be listed on Binance. A focus on product development and operational transparency are key to reaching the standards set by major crypto exchanges. Only time will tell if Pi Coin can live up to these expectations and eventually earn a spot on one of the largest trading platforms in the world.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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