Pi Network's exchange-listing saga continues, with both Binance and Coinbase yet to list the PI token. While PI is already available for trading on platforms including OKX, Gate, MEXC, and Kraken, neither Binance nor Coinbase has provided a concrete timeline for a potential listing. The absence from these two platforms is notable because Binance and Coinbase represent the industry's deepest liquidity pools, and their participation often signals a level of institutional and regulatory confidence that smaller venues cannot match.

The issue has drawn considerable attention from the Pi community, which the project has stated numbers in the tens of millions of users. However, token listings depend on multiple factors beyond user demand alone, and major exchanges have grown more selective in the wake of heightened regulatory enforcement actions across the United States and other jurisdictions since 2023.

The reasons are very simple and obvious. 1. They couldn't meet up with the KYB requirements. 2. Binance hate regulation 3. Pi is bigger than them. 4. Pi itself is an exchange 5. They are competitors. My own opinion — simplycrypto (@SCHofmoney) August 7, 2026

Binance and Coinbase Listing History

In February 2025, Binance conducted a community voting poll in which approximately 226,000 votes were cast. About 86.8% of participants voted in favor of listing PI tokens. Despite the overwhelming support, Binance did not proceed with the listing. Community votes on Binance have historically been advisory rather than binding, and exchange decisions involve separate technical, legal, and compliance reviews.

Coinbase has taken an even more reserved approach. No community voting poll has been held on the Coinbase platform regarding a potential PI listing. Coinbase operates under a publicly disclosed asset listing framework that evaluates factors such as legal and regulatory compliance, security, and market integrity.

Bybit, meanwhile, has adopted a distinctly different position. In early 2025, Bybit CEO Ben Zhou stated that Pi was a scam, citing a 2023 warning from Chinese police. Pi Network has categorically denied being a scam, and Bybit has not altered its stance.

Why Is PI Still Missing From Major Exchanges?

Neither Binance nor Coinbase has publicly disclosed the specific reasons for not listing PI. However, several recurring issues dominate the discussion. Criticism has been raised regarding the auditing of Pi's code. Compliance concerns remain a key factor. Token concentration and distribution, along with future token unlocks, are also relevant considerations.

The uncertain regulatory environment may be prompting major exchanges to exercise additional caution regarding PI. At the time of reporting, PI is trading at $0.09179, with its volume down by 29.89%.

Pi Community Prioritizes Utility

The Pi community remains divided on the listing question. One faction believes Binance may be hesitant due to Pi's massive user base. Another argues that regulatory and compliance issues are the primary factors.

A third group contends that while a Binance or Coinbase listing would boost liquidity and accessibility, it would not by itself prove the viability of the Pi economy. For this group, real-world use cases carry greater significance. Adoption, they argue, can be demonstrated through businesses accepting PI, applications being developed on the network, and transactions being conducted with the coin.

New Utility Developments

Pi Network has been associated with new developments aimed at expanding its use cases. A reported partnership with RoboPay would enable PI coin users to pay for real-world services provided by robots, adding another utility dimension within the machine economy.

Pi Network @PiCoreTeam joins RoboPay as a payment partner. Pi will be used to pay for robot services across the Fabric network. RoboPay was built to enable AI agents to discover, hire, coordinate, and pay robots autonomously onchain, transforming robots from connected machines… pic.twitter.com/1qxLC0CMKc — Fabric Foundation (@FabricFND) August 4, 2026

The Protocol 26 update represents another notable development for the network. However, the ultimate value of these advancements depends on their adoption and usage.

For now, neither Binance nor Coinbase has confirmed a listing date. While listing on a major exchange would likely improve liquidity and visibility, the central challenge for Pi Network remains translating its large community into sustained economic activity.