Pi Network’s Binance Listing Snag: The Real Reasons Pi Coin Is Stuck in Limbo

Pi Coin’s long-awaited Binance debut still isn’t happening—and the crypto crowd is getting restless. What’s really going on behind the scenes?

Regulatory red tape or just vaporware fatigue? The Pi Network team keeps dangling the ‘mainnet soon’ carrot, but traders are losing patience. Meanwhile, Binance stays suspiciously silent—probably too busy counting its BNB profits to care.

Here’s the kicker: Without a major exchange listing, Pi remains a ghost chain. No liquidity, no price discovery, just a mountain of mined-but-useless tokens. But hey, at least the ‘hodl’ memes write themselves.

One cynical take? This is crypto’s greatest loyalty test—a coin you can’t sell even if you wanted to. Classic.

TLDR

• Pi Network has not been listed on Binance despite strong community support and growing trading volume.
• Community member Mr. Spock says governance remains under the Pi Core Team’s control, limiting decentralization.
• Major exchanges like Binance and Coinbase are cautious about listing due to centralization concerns.
• Much of the Pi Network activity still happens on the Testnet despite the Open Network phase announcement.
• Only a small number of nodes are active on the Mainnet, slowing decentralization progress.

The Pi Network has faced growing frustration over its prolonged absence from Binance despite strong community backing. Pi Coin’s price recently rebounded from a low of $0.33 to $0.39, yet concerns persist. Trading volume has climbed to $88 million, but structural issues still hinder progress.

Centralized Control Delays Pi Coin Exchange Listing

Community member Mr. Spock stated that governance remains controlled by the Pi Core Team despite claims of decentralization.

He explained that “protocol upgrades, migrations, and developer guidelines are still made centrally by the team members.”

Therefore, the PI Network continues to operate under a model that top exchanges may consider insufficiently decentralized.

🔍 Why Pi Network Isn’t Listed on Binance or Coinbase (Yet) The CORE Issue

Pi Network has made impressive progress since its launch, boasting tens of millions of users globally. But for all its growth, one major question remains:

Why hasn’t Binance, Coinbase, or any top-tier… pic.twitter.com/0HEf3dtx6a

— Mr Spock 𝛑 (@MrSpockApe) August 8, 2025

This centralization limits the network’s ability to meet listing requirements for platforms like Binance and Coinbase. While some smaller exchanges, such as Swapfone, have listed Pi Coin, major exchanges remain cautious. The Core Team’s stance has pushed the community to solve many challenges without official support.

Members argue that the Pi Network’s current governance model contradicts its community-driven image. Although the project claims to empower its users, decision-making power stays concentrated. This has fueled dissatisfaction among Pioneers who seek greater transparency and shared control.

Transition Stuck Between Testnet and Mainnet

Mr. Spock noted that much of Pi Network’s activity still occurs on the Testnet despite the announcement of the Open Network phase. The blockchain remains in a transitional state, leaving the Open Mainnet far from fully operational. Only a small number of nodes run actively on the Mainnet.

This lack of participation limits the network’s decentralization and slows development. The Core Team has urged users to complete KYC and start migration to the Mainnet. However, adoption rates have not yet met the scale needed for stronger decentralization.

The extended transition has raised doubts about the Pi Network’s readiness for a Binance listing. Without a fully functioning Mainnet and broad validator activity, major exchanges may delay any listing decision. Community members emphasize that concrete progress is necessary for market confidence.

Utility Gaps and Communication Issues

Despite the migration phase, Pi Coin’s real-world utility remains limited. Features like referral rewards and validator earnings are still unavailable in user wallets. Displayed rewards remain untransferred, affecting user trust and engagement.

The Core Team has introduced measures like Know-Your-Business checks for distribution. However, members believe these efforts have not significantly boosted adoption. Critics argue that missing core incentives delay ecosystem growth and reduce token demand.

Communication from the Core Team has also drawn criticism.

“The Pi Core Team must embrace its current role as leaders,” Mr. Spock stated on X.

Prolonged silence has allowed speculation and misinformation to spread, increasing frustration among Pi Coin supporters.