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Binance Rejects Pi Coin Listing: A Detailed Analysis

Ceo_crypto25

Mar 25
Binance, the world’s leading cryptocurrency exchange, has officially rejected the listing of Pi Network’s native token, Pi Coin. This decision has sparked discussions within the crypto community, especially among Pi Network supporters who have been eagerly anticipating its mainstream adoption.

Reasons Behind Binance’s Rejection
1. Pi Coin’s Lack of Open Mainnet
One of the primary reasons Binance has refused to list Pi Coin is that Pi Network’s mainnet is still enclosed (closed mainnet). Unlike other cryptocurrencies that operate on fully decentralized and open networks, Pi Network remains in a restricted phase, where transactions can only occur within a controlled environment.

Exchanges, especially major ones like Binance, typically require cryptocurrencies to have a fully functional and accessible blockchain before considering a listing.