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Vignesh S G
Vignesh S G
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- Feb 21, 2025 07:16 UTC
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Pi Network News Today: 85% Say โYesโ in Binance Pi Coin Vote, Critics Push Back
Binance is holding a community vote on listing Pi Network, with 85% currently in favor.
This has sparked controversy, with critics, including Wu Blockchain's founder, questioning Binance's focus on traffic over security.
Binance defends the vote as a reference, stating its internal evaluation system will ultimately decide on listing Pi, despite other exchanges already listing it.
On February 17, Binance launched a community vote to decide whether to list Pi Network. The response? Overwhelming. More than 85% of voters have backed the listing, setting off a wave of excitement among Pi supporters. But not everyone is cheering.
Critics argue that Binance 
Binance - [email protected] Centralised ExchangeCryptocurrenciesTrading AppCryptocurrency investment 
is putting popularity ahead of security, reviving a controversial listing process that it abandoned years ago. With the vote set to end on February 27, the big question remains – will Binance follow through? Hereโs everything you need to know.
Binanceโs Community Vote for Pi Network
The Pi Network listing vote has drawn significant attention from the crypto community. With 85% of votes in favor, excitement is surging among Pi Network supporters. As the February 27 deadline approaches, there is little indication that the trend will reverse.
Critics Question Binanceโs Token Listing Process
Binanceโs decision to revive its controversial “token listing by community vote” system has sparked criticism. Colin Wu, founder of Wu Blockchain, voiced strong opposition, arguing that Binance should focus more on security rather than catering to popular demand.
Notably, this is the first time in seven years that Binance has employed this voting-based listing method, making the move even more contentious.
Is Binance Prioritizing Traffic Over Security?
As one of the worldโs leading crypto exchanges, Binance currently boasts a 24-hour trading volume of $17.6 billion and supports 399 coins across 1,362 trading pairs. With such a massive presence, critics argue that Binance should uphold strict listing standards instead of relying on community sentiment.
Former Binance CEO previously raised concerns about the community-driven listing model, calling it โa bit broken.โ His remarks highlight the ongoing debate about whether popularity should outweigh security in listing decisions.
In response to criticism, Binance has defended its move, stating that the voting results serve only as a reference. The exchange emphasized that it has a rigorous internal evaluation system to determine whether a token meets the necessary requirements for listing.
Pi Coin Gains Traction Across Exchanges
Despite the controversy, Pi Coin has already been listed on nine major cryptocurrency exchanges, including MEXC, OKX, Open Network, Bitget, CoinW, Gate.io, GCB Exchange, DigiFinex, and LBank.
As the Binance vote nears its conclusion, the crypto community remains divided on whether community-driven listings enhance accessibility or pose a risk to security and investor protection.
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FAQs
At least nine exchanges, including MEXC, OKX, Bitget, and Gate.io, have listed Pi Coin so far.
If the bullish sentiment sustains, this altcoin could reach as high as $80 this year.
Yes 
No 
