Pi Network Moves Closer to DEX Listing as 117,000 KYC Applications Are Processed Today
Pi Network continues to make significant strides toward its Open Mainnet launch and broader adoption. Today, the Pi Core Team is processing 117,000 Know Your Customer (KYC) applications—an essential step before Pi can be traded on decentralized exchanges (DEX). However, for the time being, only verified centralized exchanges (CEX) are permitted to list Pi for trading.
The Role of KYC in the Pi Network Ecosystem
KYC verification is a critical component of the Pi Network ecosystem. This process ensures that every user transacting with Pi Coin has been legally verified, thereby preventing fraudulent activities and enhancing network security. With 117,000 applications under review, the Pi Core Team is demonstrating its commitment to creating a secure and trustworthy ecosystem for Pioneers.
Since the introduction of the KYC system, thousands of users have successfully completed verification, allowing them to migrate their balances to the Mainnet and participate in the broader Pi economy. However, given the rapid expansion of Pi’s user base, processing KYC on such a large scale remains a formidable challenge that the development team is continuously working to address.
DEX vs. CEX: When Will Pi Be Freely Tradable?
A pressing question among the Pi Network community is when Pi will be available on decentralized exchanges (DEX). At present, the Pi Core Team is focused on refining the system and ensuring all regulatory compliance aspects are met before opening Pi to DEX trading. This cautious approach aims to prevent market manipulation and safeguard the decentralized vision of the Pi Network.
For now, only verified centralized exchanges (CEX) are authorized to list Pi. This decision ensures that Pi trading remains secure and controlled before the ecosystem is fully prepared for its transition to DEX. With continuous developments in place, many believe that Pi's listing on DEX is only a matter of time.
Pi Network Edges Closer to Open Mainnet
As KYC processing accelerates and system improvements progress, Pi Network is edging closer to its Open Mainnet phase. This milestone will mark a significant turning point for the project, allowing Pi to be used in real-world transactions without the current walled garden restrictions.
Pioneers worldwide eagerly anticipate this historic moment, where Pi will function as a fully operational digital asset within the global financial ecosystem. With more users completing KYC and their balances migrating to Mainnet, the transition to Open Mainnet is becoming increasingly tangible.
Conclusion
With 117,000 KYC applications currently being processed, the Pi Core Team is accelerating preparations before Pi becomes available on DEX. Meanwhile, only verified CEX platforms are permitted to list Pi, underscoring the project’s cautious approach before broadening market access.
For Pioneers, this is an exciting time. As the Open Mainnet launch draws near and Pi integrates further into the financial ecosystem, Pi Network is proving to be more than just a concept—it is a real digital revolution. Stay tuned for the latest developments and ensure your account has completed KYC to be part of Pi’s economic future!
With 117K KYC applications to validate today, the Pi Core Team is fixing things up before Pi can be listed on DEX. For now, only verified CEX will list Pi. Almost there! 🔐 #PiNetwork #Crypto #PiKYC pic.twitter.com/7jYVw8BdHi
— Pi Network Team (@PNCoreTeam) April 1, 2025
