Bybit CEO Refuses to List Pi Coin – Will Other Exchanges Follow OKX’s Lead?
Bybit CEO Declines Pi Coin Listing Amid Growing Exchange Interest
Bybit CEO Ben Zhou has publicly stated that Bybit will not be listing $PI, the native token of Pi Network, despite the project’s large user base of over 19 million KYC-verified accounts. The announcement has sparked discussions in the crypto community about whether more exchanges will embrace Pi Coin, following the lead of OKX, which recently confirmed its $PI listing.
OKX Takes the Lead in Listing Pi Coin
Pi Network has long been a controversial project, with a massive community but limited exchange accessibility. However, OKX’s recent decision to list $PI has renewed optimism among supporters that other top-tier exchanges could follow.
With over 19 million verified users, Pi Network has one of the largest KYC-compliant user bases in crypto, a factor that could make it an attractive asset for exchanges looking to increase trading volume and user engagement.
Why Is Bybit Refusing to List Pi Coin?
Bybit’s decision raises questions about concerns over Pi Network’s regulatory status and ecosystem development. While the exchange has not provided a detailed explanation, the most likely reasons include:
Will Other Exchanges Follow OKX’s Move?
Despite Bybit’s refusal, the listing of $PI on OKX has set a precedent. Some analysts believe that more exchanges could list Pi Coin, especially if OKX’s trading volume for $PI proves successful.
Potential candidates for listing $PI include:
The crypto community remains divided on Pi Network’s future. While supporters see it as an undervalued asset with huge potential, critics argue that its prolonged transition to an open network raises concerns.
However, with OKX listing $PI, market momentum could push other exchanges to reconsider their stance, potentially leading to more widespread adoption in 2025.
Will Bybit change its position if $PI gains traction? Or will it remain on the sidelines while other exchanges take the lead?
