Pi Coin Listed on CoinEx, Yet Binance Remains Silent – What’s Next?
Nidhi Kolhapur19 Mar 20255 min read
Pi Coin (PI) has been listed on the exchange, marking an important step for the project. The listing took place on March 18, 2025, at a time when Pi Network is under increased scrutiny over its funding sources. Trading for Pi Coin began at 11:30 UTC, with deposits and withdrawals opening earlier at 11:00 UTC. …
Pi Coin (PI) has been listed on the coinex coinex CoinEx is a global cryptocurrency exchange founded in 2017. The platform is available in over 200 countries, supports 18 languages, and accepts over 60 fiat currencies. Headquartered in Seychelles, was founded by the ViaBTC mining pool and has now evolved into a centralized exchange that includes blockchain-powered financial instruments. The CoinEx exchange has over 10 million members globally and caters to both beginner and institutional traders. Its operations are focused on spot trading, derivatives, and on-chain financial services, using a user-centric approach and blockchain-based infrastructure. Key Features: CoinEx maintains a 100 percent proof-of-reserve model with on-chain verification. No mandatory KYC for basic access to trading features. Futures, perpetual contracts, spot trading, and margin trading are all accessible. The fee structure is divided into two tiers: VIP and Market Maker levels. Fee savings are possible by using the CET token. Copy trading includes risk limits that may be adjusted, automated market creation, and strategic trading tools. Support for more than 1,300 cryptocurrencies and high-volume trading pairs. Offer Pre-token and token mining programs. Features support use cases such as CoinEx scalping opportunities and CoinEx high-volume trading pairs. [email protected] Centralised Exchange exchange, marking an important step for the project. The listing took place on March 18, 2025, at a time when Pi Network is under increased scrutiny over its funding sources. Trading for Pi Coin began at 11:30 UTC, with deposits and withdrawals opening earlier at 11:00 UTC. Pi holders can now trade PI against Tether (USDT).
“After rigorous reviews, CoinEx will list PI (Pi) on March 18, 2025,” the exchange announced.
With so much happening, where does Pi Network go from here? Let’s take a closer look.
Will Binance List Pi Coin? Community Waits for an Answer
With this new listing, Pi Coin is now available on 12 exchanges, according to Coinranking data. However, there is still no confirmation from Binance. Despite 86% of the Pi community voting in favor of a Binance listing, the exchange has not confirmed if or when it will add PI. This has raised concerns about the project’s credibility.
Community Grows Frustrated
Pi Coin has dropped to 13th place in the CoinMarketCap rankings, with its price falling below $1.3. Many believe this decline is linked to public sentiment.
“The failure to get listed on Binance, despite 86% of the community voting in favor, raises serious concerns about public trust in the project,” a user commented on X.
He also pointed out the lack of major announcements on Pi Day, calling it a disappointment.
At the same time, many early Pi miners are becoming increasingly vocal about their frustration with the Pi Core Team. They argue that after six years of development, the project has not made real progress. To regain trust and prevent further decline, they suggest that the Pi Core Team should:
- Release the Pi Open Mainnet Roadmap
- Launch the promised 100 decentralized applications (DApps)
- Provide details about investors and key stakeholders
Pi Network’s Funding Under Question
A recent investigation by a Pi Network pioneer revealed that SocialChain Inc., the company behind Pi Network, received investments from three firms—137 Ventures, Ulu Ventures, and Designer Fund. However, two of these firms do not list Pi Network in their investment portfolios, leading to further speculation about the project’s funding.
As a result, the community is demanding greater transparency regarding investors and financial backers.
Lawsuit Sheds Light on Pi Network’s Fundraising
A lawsuit filed by former co-founder Vince McPhillip has raised new questions about how Pi Network raises money. The lawsuit, which includes claims of wrongful termination, emotional distress, and breach of fiduciary duty, revealed that Pi Network sold SAFE (Simple Agreement for Future Equity) agreements to raise funds.
In September 2019, Pi Network raised $500,000 at a $20 million valuation, followed by another $300,000 in February 2020 at the same valuation. However, the project has not provided clear financial disclosures, adding to concerns within the Pi community.
Pi Coin Dips as Token Unlock Approaches
The ongoing issues have taken a toll on Pi Coin’s price. Over the past week, PI has dropped 19.3%, falling from 12th to 21st place on CoinGecko. It is now trading at $1.1, marking a 16.5% decline in the last 24 hours.
One of the main reasons for Pi Coin’s price drop is the upcoming token unlock event. Around 129 million Pi tokens, worth about $175 million, are set to be released into circulation. This increase in supply has worried investors, as it could put more pressure on prices.
Despite these challenges, the Pi Network community remains active. The platform has over 100,000 registered sellers, and 49,000 people participated in PiFest 2025. This shows that, despite setbacks, the project still has a strong following.
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FAQs
- No, Pi Coin is not listed on Binance yet. Despite 86% of the community voting for its listing, Binance has not confirmed if or when it will add PI.
