Pi Network Expands Globally: Banxa Approval Opens 100+ Markets

Pi Network Expands Globally: Banxa Approval Opens 100+ Markets

Pi Network has achieved a significant milestone with Banxa, a leading global crypto on-ramp, securing Know Your Business (KYB) approval. This unlocks legal fiat-to-Pi purchases in over 100 countries, marking a major step towards mainstream adoption.

Banxa Approval: Global Access to PI

This breakthrough allows users worldwide to purchase PI tokens directly with fiat currency, eliminating the need for peer-to-peer (P2P) transactions. This simplifies the process, especially for those new to cryptocurrency. Banxa's instant, verified transactions lower the barrier to entry, increasing Pi Network's global reach.

The KYB framework ensures Banxa meets stringent compliance standards, mirroring the Know Your Customer (KYC) requirements for individual users. Only KYB-approved platforms can facilitate PI trades. Individual users must still complete KYC verification and utilize non-custodial wallets for P2P exchanges.

Wider Listings and Institutional Interest

This Banxa achievement could be followed by other major platforms like BitMart and HTX, which are reportedly nearing KYB approval. Increased platform support will significantly boost PI's visibility and trading volume. With the upcoming Consensus 2025 Summit, Pi Network's expanding compliant ecosystem positions it favorably within the evolving digital currency landscape.

Flat Momentum Despite Regulatory Win

Despite the regulatory breakthrough, PI's price remains relatively flat. At press time, it traded around $0.5915, showing minimal daily change. The Relative Strength Index (RSI) sits at 44.58, indicating weak buying momentum, though not yet oversold. The On-Balance Volume (OBV) is also subdued at -13.87 million, signaling low investor interest and volume.

Until we see stronger bullish signals or broader exchange listings, PI's price is likely to remain in a consolidation phase. This situation highlights the complexities of crypto market dynamics, even with positive regulatory developments.

Codeum Note: Codeum offers comprehensive blockchain security solutions, including smart contract audits, KYC/AML verification services, and custom smart contract development. We partner with launchpads and agencies to deliver secure and compliant blockchain projects.