Why $Pi Network Not Getting Listing in Bybit Exchange and Binance Exchange?

As of February 20, 2025, the Pi Network’s native token, $PI, has not been listed on Bybit or Binance, two of the largest cryptocurrency exchanges, despite its mainnet launch today and listings on other platforms like OKX, Bitget, and MEXC. 

Several factors contribute to this, based on available information and developments surrounding the project.

For Bybit, the primary reason appears to be skepticism from its leadership about the legitimacy and structure of Pi Network. Bybit’s CEO, Ben Zhou, has publicly dismissed the idea of listing $PI, calling it “ridiculous” in a post on X and drawing from past experiences in the forex industry where he faced financial disputes. 

This suggests a reluctance to engage with a project he perceives as risky or questionable, potentially due to Pi Network’s referral-based mining model, which has been criticized as resembling a pyramid scheme, particularly in China. 

Additionally, posts on X indicate that Bybit may not have met Pi Network’s policy requirements—such as Know Your Business (KYB) standards tied to compliance with regulations like the EU’s MiCA framework—further complicating a potential listing.

For Binance, the situation is less definitive but tied to its cautious approach and ongoing evaluation process. 

Binance has not outright rejected $PI but has instead launched a rare community vote, running from February 17 to February 27, 2025, to gauge user support for listing the token. As of now, over 85% of eligible voters (verified users with at least $5 in assets) favor the listing, reflecting significant community enthusiasm.

However, Binance has emphasized that the vote is only a reference, and the final decision rests on its internal review processes, which prioritize factors like network security, liquidity, regulatory compliance, and market demand. 

Pi Network’s history of delays, ongoing KYC challenges, and questions about its legitimacy—amplified by critics calling it a scam—may be giving Binance pause. 

Unlike OKX, which moved forward with a $PI listing at 8:00 AM UTC today, Binance appears to be waiting for more clarity post-mainnet launch before committing.

In summary, Bybit’s refusal stems from its CEO’s skepticism and possible failure to meet Pi’s compliance standards, while Binance’s hesitation reflects a deliberate, ongoing assessment rather than an outright rejection. 

The contrast with exchanges like OKX highlights differing risk appetites and strategic priorities in the crypto industry. For now, $PI’s absence from these platforms underscores the challenges of balancing hype, regulatory scrutiny, and operational readiness.

Here is the Latest Update From CEO Bybit Exchange Mr. Ben Zhou From His Official X account:

1. Here is a official police warning of $Pi from Chinese police back in 2023 warning to the public that it’s a scam targeted towards elderly folks hengyang.gov.cn/gaj/jqts/20230… 

Which leaks their personal data and loss of their pension. There are multiple other reports out there questioning the project legitimacy. 

2. Bybit had made no listing request to $PI and the claim that $PI refused bybit listing or Bybit did not pass some sort of KYB of $PI is completely non sense. 

3. If the project is legitimate and straight up, then you should come forth and address these report so everyone can understand , but instead you choose to make up shit and do these childish attack with no ground. 

4. Yes, I still think you are a scam, and no , Bybit will not list scam,