PI Remains Missing on Coinbase and Binance: An Analyst Explains Why

Coinbase and Binance, two of the world’s most prestigious cryptocurrency exchanges, have not listed PI, the native token of the Pi Network, despite the project’s surge in awareness in 2025.

Crypto analysts suspect that underlying issues surrounding the blockchain network’s transparency and security could be behind its nonacceptance on top exchanges.

One such analyst made his observations known in an X post, citing the lack of independent verification as one of the main reasons why the top crypto platforms have refused to list PI. According to the analyst, the Pi Network blockchain is not completely open-source, and that is a fundamental reason listing on Coinbase and Binance would be difficult.

The analyst further stated that Pi Network has yet to undergo any third-party security audit. Hence, users are skeptical about its reported status, knowing that such details come from individuals or teams who may have a vested interest in the project.

However, despite the possibilities arising from the reason noted above, the analyst noted that Pi Network may not have approached Coinbase and Binance yet with a listing proposal for its native PI token.

Typically, listing on Coinbase and Binance goes a long way in boosting users’ sentiment towards digital assets. The platforms’ achievements over the years and their listing requirements boost the credibility scores of digital assets listed on the platform.

Their global coverage is also an advantage to projects listed on them, considering how they expose such solutions to a broader audience, making them available for significant adoption. Hence, many crypto users attribute PI’s struggles to the digital asset’s non-listing on the two giant crypto exchanges.

PI traded at $0.4507 at the time of writing, having experienced severe bearish pressure for over the past 10 weeks. The cryptocurrency crashed after a temporary surge in May, losing over 73% of its value since then amid a massive selloff.