The long-awaited Pi Network finally announced the launch of its mainnet on the 20th, with simultaneous token trading. However, currently, only OKX, a major international exchange, has announced the opening of Pi coin spot trading. Industry insiders have also warned that China is currently very cautious about similar pyramid schemes, especially since many Pi coin players are middle-aged and elderly, and are not very familiar with the crypto world. Bybit founder Ben Zhou stated that he had suffered losses from this customer group when he previously worked in the foreign exchange industry, and therefore will not list Pi coins to avoid trouble. Meanwhile, OKX has also supplemented that Pi coins will be adopted with isolated listing.

(After six years, Pi coins have finally launched on the mainnet! OKX is the first to announce the opening of Pi coin trading)

OKX is the first to launch, Chinese users cannot trade, and Taiwanese users are not affected

Previously, we reported that after Pi coins announced the launch of the mainnet on the 20th, OKX immediately announced the support for Pi coin deposits and spot trading. Today, they have also issued an announcement stating that Pi coins will be adopted with isolated listing, which means that some countries or regions may not be able to support trading. According to community feedback, the China region seems unable to conduct trading, and can only withdraw coins on-chain. However, there have been no reports of issues for Taiwanese users so far. According to the Pi Blockexplorer, the deposit address of OKX is still continuously receiving a deposit influx.

Bybit keeps its distance from Pi coins, Bitget may adopt isolated listing

Although Pi may be one of the largest user acquisition events in the history of cryptocurrency exchanges, the underlying regulatory and political factors are far more serious than the previous TON mini app. Bybit founder Ben Zhou stated: "Today, a bunch of people asked me if I want to list pi, and I said don't be fucking stupid, I used to work in foreign exchange and was constantly being dragged into banners by old ladies and grandpas asking for their hard-earned money back, and I really don't want to deal with this shit in the crypto world... Keep your distance. Thank you."

KOL @Phyrex_Ni also stated: "Bitget's Chinese department has withdrawn the listing of Pi coins. This is because the compliance department, after review, believes there are compliance risks, so the content has been deleted. The English version is still under discussion (different jurisdictions have different listing policies), and all related content in the Chinese version has been deleted, including posts by Bitget employees. A Bitget representative revealed that compliance is currently the focus of Bitget, and they cannot cross the red line." However, the announcement of Pi coins on Bitget's English version is still available, and Bitget Japan also announced the listing of Pi coins today.