Binance, the world’s leading cryptocurrency exchange, has once again excluded Pi Network (PI) from its much-anticipated Vote to List initiative. This move has cast a shadow over the hopes of millions of Pi Network enthusiasts, as Binance’s latest listing push features 12 utility tokens, with Pi Network noticeably absent.
With the Pi community seeking major exchange listings, this second snub from Binance is a critical blow. The listing exclusion has raised eyebrows and sparked speculation about the underlying reasons, particularly surrounding transparency concerns and project structure.
Binance’s Vote to List Initiative Explained
Binance launched the Vote to List initiative to democratize token listings. Users vote for their preferred projects, and winners are spot-listed on the platform. While this approach has given smaller projects a fighting chance, it also comes with conditions.
In its second edition, Binance shortlisted 12 utility tokens including:
- VIRTUAL
- BIGTIME
- UXLINK
- MORPHO
- GRASS
- ATH
- WAL
- SAFE
- ZETA
- IP
- ONDO
- PLUME
Pi Network was again excluded, just as it was during the first edition of the initiative in March 2025. At that time, Binance clarified that only BNB Chain-based projects would be eligible for participation, a requirement Pi Network does not meet.
Why Was Pi Network Excluded Again?
There are several reasons Binance may have passed over Pi Network again:
1. Lack of Transparency
Binance previously criticized the PiCoreTeam (PCT) for failing to disclose critical information such as Pi’s burning mechanisms, tokenomics, and network statistics.
2. Ineligibility for BNB Chain
The current iteration of Vote to List is exclusive to BNB Chain tokens. Since Pi operates on its own enclosed network and lacks full mainnet access, it does not qualify.
3. Regulatory and Compliance Concerns
Binance places a strong emphasis on compliance. Pi Network, which is still in a beta-like phase, might raise red flags for a platform like Binance.
4. Unclear Utility Metrics
While Pi Network has a massive user base, it still lacks real-world use cases and clear trading demand on major exchanges.
What Does This Mean for Pi Network’s Future?
Despite being sidelined twice, Pi Network could still earn a direct listing on Binance if it meets the compliance and transparency requirements. Some community members remain hopeful, especially after Pi’s recent listing on BTCC Exchange.
However, Binance’s repeated snubs signal a need for PiCoreTeam to:
- Increase transparency
- Open the mainnet for public verification
- Provide audit-ready data
- Improve tokenomics disclosures
Until these steps are taken, Pi’s listing on top-tier exchanges may remain out of reach.
Current Pi Network Price Action
Pi Network’s native token has seen a 5% drop, slipping below $0.70 to $0.6646. This decline is the first time Pi has dipped below that level in over a month, possibly due to sentiment driven by Binance’s listing announcement.
Pros and Cons of Binance Ignoring Pi Network
Pros:
- Encourages the PiCoreTeam to improve transparency.
- Reinforces Binance’s high listing standards.
- Filters speculative tokens lacking fundamental data.
Cons:
- Dampens community morale and investor sentiment.
- Delays potential mainstream adoption.
- Increases skepticism about Pi Network’s legitimacy.
Frequently Asked Questions (FAQs)
1. Why is Pi Network not listed on Binance?
Pi Network is not listed due to a lack of transparency, closed mainnet, and it not meeting Binance’s listing requirements such as being based on BNB Chain.
2. Has Pi Network been listed on any major exchange?
Yes, Pi Network was recently listed on BTCC Exchange, but it has yet to land on tier-1 exchanges like Binance or Coinbase.
3. Can Pi Network be listed on Binance in the future?
Yes, through a direct listing path, Pi Network may still qualify if it becomes fully compliant and transparent with its ecosystem data.
4. What is Binance’s Vote to List initiative?
It’s a program allowing Binance users to vote on which tokens should be listed next. Only BNB Chain-based projects are currently eligible.
5. What should the Pi community do now?
Advocate for transparency from the PiCoreTeam, encourage ecosystem growth, and support adoption efforts to attract major exchange listings.
Conclusion
Binance’s decision to exclude Pi Network from the second Vote to List initiative is a significant moment for the project. While disappointing for Pi supporters, this presents a chance for the PiCoreTeam to address transparency, compliance, and adoption metrics.
As the competition heats up in the crypto space, only projects that meet the highest standards will make it to global platforms like Binance. For Pi Network, the road to major exchange listings may still be open—if the necessary steps are taken.
Disclaimer
This article is for informational purposes only and does not constitute financial or investment advice. Always do your own research before making investment decisions in the cryptocurrency market.
