Pi Network’s big win: Banxa’s KYB approval unlocks 100+ countries – Details
This is a huge step forward in global reach for the project.
- Banxa’s KYB approval enabled legal fiat-to-Pi purchases in 100+ countries, boosting mainstream access.
- Despite regulatory progress, PI coin’s price remained flat amid low volume and weak momentum indicators.
Banxa, a leading global crypto on-ramp, has secured KYB (Know Your Business) approval, clearing the way for users across more than 100 countries to legally purchase Pi Network [PI] tokens with fiat.
This breakthrough signals a crucial step forward for the Pi Network – with KYB in place, Pi can now move beyond peer-to-peer trading and into regulated mainstream adoption.
Banxa approval unlocks global access to PI
With KYB approval secured, Banxa can now enable direct PI coin purchases using fiat currency in over 100 countries.
This eliminates reliance on peer-to-peer (P2P) transactions, offering users, especially crypto newcomers, a simpler and more secure way to buy PI coin.
By facilitating instant, verified transactions, Banxa lowers entry barriers, making PI coin more accessible to a global audience.
The KYB framework ensures that businesses like Banxa adhere to strict compliance standards, similar to how KYC (Know Your Customer) applies to individual users.
Only KYB-approved platforms are authorized to facilitate PI coin trades, while individual users must complete KYC verification and use non-custodial wallets for peer-to-peer (P2P) exchanges.
Pi Network: Wider listings and institutional interest
Banxa’s milestone could soon be followed by other major platforms like BitMart and HTX, both reportedly on track for KYB approval within days.
Broader platform support would boost PI’s visibility and trading volume. With the upcoming Consensus 2025 Summit around the corner, Pi’s growing compliance-driven ecosystem could position it as a serious contender in the evolving digital currency landscape.
Flat momentum despite the win
Despite the regulatory breakthrough, PI has shown limited price movement.
At press time, it traded around $0.5915, reflecting minimal daily change. The RSI was at 44.58, indicating weak buying momentum without yet hitting oversold territory.
Meanwhile, the OBV remained subdued at -13.87 million, signaling low investor interest and volume.
Until stronger bullish signals or broader exchange listings emerge, PI’s price may continue to hover in a consolidation phase.
