Pi Network’s PI token rose roughly 30% in Asia trading after Kraken announced it would list the cryptocurrency. The token is already listed on OKX, Gate, and Bitget, even as Bybit’s chief executive has refused to list it and labeled the project a scam. Pi Network is a mobile-first cryptocurrency that replaces traditional mining with a phone-based trust graph, where users tap a mobile app daily to mine tokens and form identity-verified security circles that feed into a Stellar-derived consensus.
The project launched its externally connected mainnet in February 2025 after years in a closed ecosystem, saying it had about 19 million KYC-verified users and roughly 10 million accounts migrated to the chain. Pi Network is currently listed on OKX, Gate, and Bitget, as well as some smaller exchanges. Bybit CEO Ben Zhou publicly refused to list Pi Network’s token and called the project a scam, citing a 2023 warning from Chinese police alleging that Pi Network targeted elderly users, collected personal information, and caused some victims to lose pension savings. Bybit had previously declined to list the mobile crypto mining platform, with Zhou citing warnings from Chinese police that the project is a scam.
Pi Network’s PI token rose about 30% in Asia trading after Kraken announced it would list the cryptocurrency. It is already traded on OKX, Gate, and Bitget, while Bybit has declined to list it, labeling the project a scam. Pi Network is marketed as a mobile-first blockchain that replaces traditional mining with a phone-based trust graph, where users tap the app daily to mine tokens and form identity-verified security circles that contribute to a Stellar-derived consensus. The project launched its externally connected mainnet in February 2025 after years in a closed ecosystem, reporting roughly 19 million KYC-verified users and around 10 million accounts migrated to the chain.
Pi Network is currently listed on OKX, Gate, and Bitget, in addition to smaller exchanges. Bybit CEO Ben Zhou publicly refused to list the PI token, citing a 2023 warning from Chinese police alleging that Pi Network targeted elderly users, collected personal information, and caused some victims to lose pension savings. Bybit had previously declined to list the platform, with Zhou reiterating police warnings that the project is a scam.
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