Pi Network Not Mature Enough For Binance Listing

While Pi Network mobilizes millions of users worldwide, its absence on Binance raises questions. Why does the largest exchange platform ignore such a popular project? While Gate.io or Bitget already allow trading of PI tokens, Binance remains inflexible. This strategic silence in the face of community enthusiasm does not go unnoticed and reignites debates about the credibility, security, and maturity of the project. A decision that, by itself, could reshape the destiny of crypto.

Why Binance Keeps Its Distance : Technical and Procedural Reasons

While Pi Network collapses while Bitcoin rallies, analyst Kim H Wong published on July 15, 2025, on the social network X (formerly Twitter) a detailed analysis of the reasons why Binance might continue to ignore the Pi Network project.

Despite massive community demand expressed during a vote organized by Binance five months ago, no listing has occurred. For Wong, the situation is explained by well-identified obstacles. He notably points out that “the project’s blockchain code is not entirely open-source”, which limits transparency for auditors and third-party developers.

After gone through the requirements and compliances required for Coinbase and Binance in listing a crypto token, I suspect the following are the 3 reasons why Pi Network is not listed in these 2 exhchanges yet:

1. Pi Network’s blockchain code is not fully open-sourced.
2. Pi… pic.twitter.com/h4c60nTfuA

— Kim H Wong (@Time_and_Trade) July 14, 2025

He also adds : “No security audit conducted by an independent third party has been made public to date”, a critical gap for a platform like Binance. Finally, Wong mentions the possibility that Pi Network “may never have submitted a formal listing request to Binance,” a point often overlooked by community members.

These findings set the basis for a refusal not ideological, but based on objective security and compliance criteria. At this stage, Binance seems to judge the project insufficiently mature. The main obstacles cited by Wong are as follows :

• Technical transparency lack : the network’s source code is not fully accessible to the public, preventing thorough independent review ;
• Absence of external security audit : no official report has been published attesting to the system’s robustness or resilience ;
• Supposed absence of formal request : the Pi Network team might not have even initiated the official steps necessary for listing.

These elements combined explain why Binance, known for its compliance and security demands, prefers not to take risks at this stage. Popular support, no matter how strong, is not enough to break down these barriers without a clearer technical and regulatory commitment from the project.

Doubts About the Internal Structure and Limits of the PI Ecosystem

Beyond the technical considerations raised by Kim H Wong, some observers point to more structural flaws that could significantly hinder PI adoption by major platforms.

User X pinetworkmembers, active in the community, states: “As long as exchanges like Binance cannot run their own nodes on the PI blockchain, they will remain on the sidelines”.

Binance, Coinbase and big exchanges will never come, as long as they can't run their own Nodes on the chain.

And the CT will not allow them in any near future.

So, forget about $Pi on binance ir any big exchange.

— pinetworkmembers (@pinetworkmember) July 15, 2025

He accuses the project’s Core Team (CT) of maintaining too centralized a control over the network’s infrastructure, thus hindering any integration into a truly decentralized ecosystem.

To this criticism is added a cluster of unfavorable short-term factors: low liquidity presence, gradual token unlocking, moderate demand, and limited buying pressure. All signals weigh on the PI price dynamics, leaving little hope for a true rally in the coming months.

“I would like to be the first to see PI reach 10 dollars, but it won’t happen during this bull market,” lucidly affirms pinetworkmembers, thus putting the project’s current limits into perspective despite its stated ambitions.

Yet, the picture is not entirely bleak. The launch of a 100 million dollar fund to support app developers within the PI ecosystem, as well as initiatives around artificial intelligence via the Pi App Studio, show that efforts are underway to structure a solid ecosystem. However, as long as project governance remains opaque and technical barriers are not lifted, large exchanges like Binance or Coinbase will likely continue to keep their distance. The project has potential, but it will need to prove it can transition from community experimentation to a fully compliant infrastructure meeting crypto industry standards.