Binance Faces Criticism Over Possible Pi Network Listing Despite Strong Voter Support

On February 17, Binance launched a community vote to gauge interest in listing Pi Network. The vote, set to end on February 27, has received overwhelming support, with 85% of participants in favor. This comes just one day before Pi Network’s planned mainnet launch.

Despite strong backing, critics have questioned Binance’s decision. Crypto journalist Colin Wu voiced concerns about reviving community-driven listings after a seven-year pause. He argued that Binance is prioritizing traffic and user engagement over security.

Binance has previously faced criticism for its listing process. Even former CEO Changpeng Zhao (CZ) admitted the system had flaws. Currently, the exchange lists 398 coins, according to CoinGecko.

Wu also warned that listing Pi Network could create risks for the “highly fragile Chinese-speaking community.” Meanwhile, Binance defended its process, stating that not all votes will count. Votes from ineligible regions or those violating platform rules will be excluded.

While Binance considers community input, the final decision will be based on internal evaluations. Other exchanges have also announced Pi coin listings, but industry experts remain skeptical. Many point to legal and listing risks that could impact Pi Network’s future.