Is Pi Coin’s Exchange Listing Hiding a Bigger Problem? Community Raises Red Flags

Pi Coin (PI) has been in the news with its recent listing on the CoinEx exchange, offering new trading opportunities for Pi holders. The listing offers trading pairs against Tether (USDT), which became available soon after the deposit and withdrawal window opened. Although this is a milestone for Pi Coin, issues of transparency, funding, and market stability still surround its future.

Pi Coin’s CoinEx Listing

CoinEx announced that Pi Coin had undergone a rigorous review process and would be listed on the platform. This new listing further widens Pi Coin’s base, making it available on 12 exchanges worldwide. The development was received positively by Pi Network’s community, who have long pushed for wider exchange accessibility.

Despite this development, Pi Network has not yet gained a listing on Binance, which is one of the largest and most powerful cryptocurrency exchanges. More than 86% of Pi Network’s network voted for listing on Binance, but there has been no confirmation about any future listing of Pi Coin from the platform. This indecision has ignited uncertainties regarding Pi Network’s future credibility and market prospects.

As one community member commented:

“The failure to get listed on Binance, despite overwhelming support, raises serious concerns about public trust in the project.”

Community Demands Transparency on Funding Sources

Amid the buzz of the CoinEx listing, the financial transparency of Pi Network has been subject to greater scrutiny. A recent report by a Pi Network innovator found that SocialChain Inc., the holding company of Pi Network, has secured investments from three prominent companies—137 Ventures, Ulu Ventures, and Designer Fund.

Two of these companies, however, have not included Pi Network in their official portfolios, calling into question the legitimacy and transparency of Pi Network’s financial structure. This has further fueled the skepticism in the community.

Community Resilience and PiFest 2025

Despite these failures, Pi Network’s community is still active and vibrant. The PiFest 2025 event has drawn more than 100,000 sellers and 49,000 active users. Most users have been employing the Map of Pi to enable transactions and exchanges with PI tokens. The disconnect serves to emphasize the disparity between the perception of the community and that of the market, reflecting the difficulty Pi Network has in pegging its value.

Conclusion

Pi Coin’s listing on CoinEx is a step in the right direction, but major hurdles still exist. Transparency issues, financial disclosure concerns, and legal issues still hang over market sentiment. The inability to gain a Binance listing despite having strong community support only adds to the complexity of the situation.

For Pi Network to achieve long-term success, however, the foundation team needs to confront these issues directly, become more transparent, and restore investors’ trust. Only then will Pi Coin stand a chance at regaining ground and solidifying its place among the competitive cryptocurrencies.