Despite its massive popularity and active community, Pi Network is not listed on the leading exchanges Binance and Coinbase. This article explores the possible reasons for this.
Reasons for Absence from Major Exchanges
Cryptocurrency analyst Kim H Wong outlines three main reasons why Pi Network is absent from exchanges:
1. **Not Fully Open Sourced**: The project is still in development, raising concerns about transparency and control.
2. **Lack of Third-Party Security Audit**: Experts emphasize the lack of independent verification, which could lead to potential vulnerabilities.
3. **Pi Network Application in Exchanges**: There is a possibility that Pi Network has not applied for listing on Binance and Coinbase.
Future of Pi Network
Pi Network aims to build a strong user base to foster trust in the project. The primary goal is to make Pi a daily currency for transactions. Analysts predict that with the development of convenient transaction processes, particularly through mobile devices, the project could achieve success by 2030.
Discussions and Rumors about Listing
There are numerous rumors surrounding Pi Network concerning its potential listing on Binance and Coinbase. However, neither exchange has made official statements regarding this, nor has Pi Network commented on the matter.
The absence of Pi Network on major cryptocurrency exchanges is linked to a lack of transparency and independent audits. However, the project aims to grow and increase its market presence.