**Summary**
– A well-known cryptocurrency exchange with over 10 million users has adopted Pi Network’s native token.
– Despite this support, the token’s price remains significantly low.
### Latest Developments on PI Network
About a month ago, Pi Network made headlines with the launch of its Open Network, allowing cryptocurrency exchanges to list its native token. Since then, over a dozen exchanges, including prominent names like OKX, Bitget, MEXC Global, and Gate.io, have taken this step.
Most recently, CoinEx, a Hong Kong-based company with over 10 million users, joined the list by opening the PI/USDT trading pair on March 18. This addition supports AMM, Spot Grid, and Auto-Invest Plan. Despite backing the token, CoinEx cautioned its clients about the significant investment risks due to potential large price fluctuations, advising them to evaluate and invest wisely based on their risk tolerance and financial resources.
PI’s valuation has shown minimal change since the announcement. It continues to trade at a low, currently just under $1.15. In fact, PI is the worst-performing cryptocurrency among the top 100, with its price dropping by over 30% in the past week.
### Community Reactions
While several crypto exchanges have enabled trading services with PI, Binance remains uninvolved. Last month, it held a community vote to decide if users wanted the token available on the platform. Although over 86% supported this, the company has yet to act on their preference.
Support from a major crypto exchange like Binance often increases an asset’s liquidity and visibility, positively impacting its valuation. This is evident from examples such as the stablecoin XUSD, which surged by nearly 80% after being listed on Binance. Similarly, in November 2024, Binance listed Cow Protocol (COW) and Cetus Protocol (CETUS), leading to a 70% price jump for both altcoins shortly after.
**Stay updated on this topic by following us on Twitter!**
