CoinEx, a crypto exchange with over 10 million users, has supported Pi Network's token. However, the asset's price remains low.
Support from CoinEx
CoinEx, a Hong Kong-based company, opened the PI/USDT trading pair on March 18, supporting AMM, Spot Grid, and Auto-Invest Plan. However, the exchange warned its clients about the high investment risks involved due to potential large price fluctuations.
Community Expectations
Despite multiple exchanges allowing trading services with PI, Binance remains aside. Last month, it held a community vote where over 86% supported the token's listing on the platform. Yet, Binance has not acted upon the users' wish.
Support from Major Exchanges
Support from the world's biggest crypto exchanges increases liquidity and visibility of the asset, often impacting its valuation positively. For example, the XUSD token surged by 80% following its listing on Binance. Similarly, Cow Protocol and Cetus Protocol experienced significant growth after being embraced by the exchange.
Despite support from major exchanges, Pi Network's token price remains in the red. It will be interesting to see if the situation changes should Binance decide to support the token.
