Binance Exploiting Pi Network? Unprofessional Practices Put Exchange’s Credibility at Risk

Binance conducted a community vote on listing Pi Coin from February 17 to 27, 2025. The results showed overwhelming support with 87.1% of participants voting in favor of listing Pi, while only 12.9% opposed it. Despite this strong backing, Binance has yet to confirm a listing, stating that further evaluation is needed.

Pi Network News Global has expressed frustration over Binance’s recent actions. According to them, Binance is discussing a “FIRST” vote to list Pi Coin, despite already having conducted such a vote in February 2025. That initial vote ended with over 86% support for Pi Network.

The news outlet pointed out that Pi Network supporters, known as Pioneers, created Binance accounts, completed verification processes, and deposited funds to participate in the vote. With over 800,000 votes cast, they argue that Pi Network demonstrated unprecedented community strength.

“No Shiba, no Doge, no Pepe, no Ethereum, no BNB, no Solana, none of them would have received as strong a vote as the Pi Network. We have redefined the word ‘crypto community’,” stated Pi Network News Global.

The outlet questioned whether Pi Network is being exploited due to its strong community engagement. They suggested this exploitation was predictable, noting that “almost all normal crypto people have suddenly realized the strength of Picoin and exploited it to refresh their own slowly dwindling power.”

They characterized Binance’s lack of action following the vote as neither fair nor professional, expressing confusion over such behavior from “the largest crypto exchange in the world.”

Binance’s Credibility at Risk

Pi Network News Global suggested that Pi Network might need to develop its own major exchange, which they dubbed “Pinance,” to prevent future exploitation of their community.

They emphasized there is only one appropriate path forward for Binance: to list Picoin to maintain credibility. While acknowledging that Pi Network doesn’t “desperately need Binance,” they reminded readers that “the Pi community is known for getting what it deserves, especially when it realizes it might be taken advantage of by others.”

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The news outlet highlighted that Pioneers had to deposit “many millions of dollars” for the Binance vote and submitted personal data to participate. They concluded with a pointed question about fairness, noting that Pi Network was the clear winner of what Binance had presented as the “first vote to list.”

“We demand what was promised!” stated Pi Network News Global, questioning the fairness of Binance’s apparent backtracking after Pi supporters fulfilled all requirements to participate in the vote.

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Temitope Olatunji
Temitope Olatunji

Temitope is a seasoned writer with over four years of experience. He specializes in Web3 and FinTech topics and enjoys creating content in these areas. He holds both a bachelor's and master's degree in Linguistics. When not writing, he trades forex and plays video games.

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