As Pi Network prepares to launch its mainnet, several major exchanges have confirmed the listing of the PI token.
Confirmed Exchange Listings
Three major cryptocurrency exchanges have confirmed they will list the PI token on February 20th, 2024, at 8:00 AM UTC. OKX, ranked as the fourth-largest cryptocurrency exchange, has decided to list PI, marking a significant milestone for the project with a daily trading volume exceeding $3.5 billion. MEXC Global will list PI in its 'Innovation Zone', acknowledging both the potential and risks of new tokens. Bitget will also list PI in its Web3 and Public Chain Zone. Both exchanges will offer PI trading pairs against USDT, providing liquidity options for traders.
Market Classifications and Trading Aspects
An intriguing aspect is Bitget's classification of PI as a 'trending memecoin', raising questions about its market valuation and perception.
Industry Rejections and Concerns
Bybit's decision not to list PI stands out, fueled by skepticism from its CEO, Ben Zhou, who expressed concerns over the project's legitimacy. The crypto community has also raised concerns about potential pyramid scheme characteristics, particularly in the Chinese market segment.
Pi Network's path to exchange listings reflects the complexity of cryptocurrency market dynamics. The anticipated mainnet launch presents both opportunities and risks that market participants should carefully consider.
