Crypto currency investors have been waiting for a long time listing news, this time came to the agenda negatively. Binance officially announced that Pi Network’s local presence cannot list the Pi Coin project. While this decision caused disappointment in the Pi community, the explanation of the stock market has aroused a wide repercussion in the crypto world. So why did Binance make this decision? What’s behind the scenes? As Kriptokoin.com, we transfer the details.
The closed main network structure made Binance step back
Since Pi Network does not switch to a open main network yet, operations are only in its own system. This does not offer a structure that can be traced transparently from the outside world. Large stock exchanges like Binance want to supervise the entire functioning of a project before listing.
The continuation of the closed structure makes it difficult to measure liquidity and analyze user behavior. For this reason, Binance does not want to afford the risk of listing before the network is completely opened. This approach is remarkable in terms of the protection of investors.
Regulation uncertainty for Pi Coin is a serious obstacle
It is still not clear which legal basis Pi Coin is sitting on. Although the project tries to operate in many countries, it does not yet have a regulative framework. Binance operates under regulation pressure in many countries.
Therefore, listing an entity that does not have legal clarity means a great risk for Binance. Particularly the possibility of incompatibility in prevention of money laundering and the laws of securities stands out as one of the main factors affecting this decision.
Creates an concern of excessive centralism
Pi Network’s management is currently controlled by a completely core team. Binance gives priority to non -decentralized structures as much as possible. Because central projects, open to censorship and governance crises are at risk of experiencing.
At this point, Binance prefers a transparent and fair structure that investors will trust. Pi’s current governance model did not meet these expectations, the decision to list the decision was negative.
Pi Coin No market liquidity and price reality
Currently, Pi Coin cannot be bought and sold on real -time stock exchanges. Although it is traded in IOU format on some small platforms, these processes do not create real liquidity. Price movements remain open to manipulation.
Binance’s listing criteria include active transaction volume, transparent price discovery and user interest. Binance does not want to take risks because Pi Coin has not yet reached these criteria.
Community size alone is not enough
Although the number of millions of Pi Network is important, Binance is not only interested in number. The stock market looks at many details from technical infrastructure to regulation harmony at the same time. The user mass can be wide; However, the system needs to be open, transparent and sustainable.
As a result, it is not just a strategy that Binance has not yet opened the doors for Pi Coin; It is also a policy that prioritizes investor security. If Pi Network relieves these deficiencies, the future listing can be re -evaluated.
