Despite increasing attention from the crypto community, Pi Coin has yet to secure a listing on major exchanges like Coinbase and Binance. Here, we explore potential reasons for this.
Pi Network's Closed Code and Its Impact
One of the main concerns is the closed-source nature of Pi Network's blockchain. While not a strict requirement, exchanges like Coinbase and Binance are more inclined to accept projects that allow inspection of their codebase.
Lack of Security Audit
No public evidence has been provided regarding whether Pi Network has undergone a third-party security audit. Companies such as CertiK typically perform audits prior to a major listing. Without an audit, Pi Coin can be regarded as unverifiable and potentially risky for users.
Absence of Formal Application
Another critical point is the potential lack of a formal listing application. Both Coinbase and Binance require projects to submit detailed applications before they are considered. Without this step, no further due diligence and review is possible.
The delay in Pi Coin's listing on Coinbase and Binance is likely due to unresolved issues with code transparency, audit confirmation, and application procedures. Until these concerns are addressed, a listing remains unlikely.
