Pi Coin Trading Suspended on BitMart, Banxa Drops Support – Is a Major Price Crash Coming for Pi Network?

Updated

April 25, 2025

Gambar Pi Coin Trading Suspended on BitMart, Banxa Drops Support – Is a Major Price Crash Coming for Pi Network?

Jakarta, Pintu News – Pi Network (PI), which was trading close to $3, has now experienced a drastic drop to around $0.62.

The suspension of trading by BitMart and the removal of support by Banxa add to the uncertainty of the cryptocurrency’s future.

However, there is a glimmer of hope with indications of big news from Huobi and participation in Consensus 2025.

Trading Suspension by BitMart

BitMart has stopped trading Pi Coin for over a month, pending Know Your Business (KYB) approval from the Pi Core Team to proceed with the promised 1:1 Pi exchange. The Pi community has been on edge as no official update has been given as to when trading will resume.

Dr. Altcoin, a prominent crypto commentator, has inquired on X (formerly Twitter) regarding the status of Pi withdrawals at BitMart, but has yet to receive a response.

Has anyone heard from Bitmart @BitMartExchange about Pi withdrawals? It’s been a month since Pi trading was suspended, awaiting the 1:1 Pi swap. Word is, Bitmart is still waiting for KYB approval from the Pi Core Team. @PiCoreTeam @BitMartExchange @BitMartResearch
— Dr Altcoin (@Dr_Picoin) April 23, 2025

Meanwhile, no official timeline has been given by BitMart or the Pi Core Team. This has raised concerns among Pi holders and potential investors about when they can resume trading or even withdraw their funds from the exchange.

Banxa Removes Pi Network (PI) Coin Access

Banxa, a known crypto payment service provider, has also discontinued support for Pi Coin. Users are now unable to purchase Pi through the platform.

The reasons behind this decision have not been explained, raising uncertainty about the immediate future of Pi Coin. This is another blow to the Pi network, which was already struggling to maintain momentum after the initial excitement.

Losing support from Banxa might make it harder for Pi Coin to regain the trust of the crypto community, especially if the reason behind the removal of support has to do with concerns about the sustainability or security of the Pi network.

Expectations from Huobi and Consensus 2025

Amidst the challenges faced, Huobi Exchange has dropped hints that there could be a major announcement relating to Pi.

Also read: Bitcoin Surges to $94,000, Satoshi Nakamoto’s Wealth Reaches $100 Billion!

Has anyone heard from Bitmart @BitMartExchange about Pi withdrawals? It’s been a month since Pi trading was suspended, awaiting the 1:1 Pi swap. Word is, Bitmart is still waiting for KYB approval from the Pi Core Team. @PiCoreTeam @BitMartExchange @BitMartResearch
— Dr Altcoin (@Dr_Picoin) April 23, 2025

They have posted messages on social media encouraging users to “hold onto their low-priced Pi,” suggesting that there may be positive news on the horizon. This provides some hope for Pi holders who have seen the value of their investment plummet.

Additionally, Pi Network is scheduled to speak at Consensus 2025, one of the largest annual gatherings in the crypto industry.

The presence and presentation of Nicolas Kokkalis, founder of the project, at the event could be an important opportunity to share major updates and revive interest in Pi Coin.

Overall, although Pi Coin faces many hurdles, attendance at major events such as Consensus 2025 and potential news from Huobi might provide the momentum needed for a recovery.

However, without support from major crypto exchanges and with continuous challenges, Pi Coin’s future remains uncertain.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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