Pi Network Scores Global Banking Access: Banxa’s KYB Greenlight Opens Doors in 100+ Nations

Pi Network just bulldozed a major regulatory hurdle—Banxa’s Know Your Business (KYB) approval now lets the crypto project operate in over 100 countries. No more begging legacy banks for scraps.

The compliance coup:
Banxa’s stamp of approval means Pi can now tap into fiat on-ramps and off-ramps globally. Suddenly that ’mobile mining’ gimmick looks slightly less ridiculous.

The fine print:
While this unlocks new markets, Pi still needs to prove it’s not just another crypto zombie—alive on paper but going nowhere fast. TradFi suits will still sneer until mainnet volumes match the hype.

One small step for compliance, one giant leap for Pi’s ambition to become something other than a glorified loyalty program. The clock’s ticking.

Banxa approval unlocks global access to PI

With KYB approval secured, Banxa can now enable direct PI coin purchases using fiat currency in over 100 countries.

This eliminates reliance on peer-to-peer (P2P) transactions, offering users, especially crypto newcomers, a simpler and more secure way to buy PI coin.

By facilitating instant, verified transactions, Banxa lowers entry barriers, making PI coin more accessible to a global audience.

Source: X

The KYB framework ensures that businesses like Banxa adhere to strict compliance standards, similar to how KYC (Know Your Customer) applies to individual users.

Only KYB-approved platforms are authorized to facilitate PI coin trades, while individual users must complete KYC verification and use non-custodial wallets for peer-to-peer (P2P) exchanges.

Pi Network: Wider listings and institutional interest

Banxa’s milestone could soon be followed by other major platforms like BitMart and HTX, both reportedly on track for KYB approval within days.

Broader platform support would boost PI’s visibility and trading volume. With the upcoming Consensus 2025 Summit around the corner, Pi’s growing compliance-driven ecosystem could position it as a serious contender in the evolving digital currency landscape.

Flat momentum despite the win

Despite the regulatory breakthrough, PI has shown limited price movement.

At press time, it traded around $0.5915, reflecting minimal daily change. The RSI was at 44.58, indicating weak buying momentum without yet hitting oversold territory.

Source: TradingView

Meanwhile, the OBV remained subdued at -13.87 million, signaling low investor interest and volume.

Until stronger bullish signals or broader exchange listings emerge, PI’s price may continue to hover in a consolidation phase.