Unlocking Global Access to Pi
With the approval of Know Your Business (KYB), Banxa can now enable users from over 100 countries to directly purchase Pi Network tokens with fiat currencies.
This major milestone signifies a breakthrough in the accessibility of Pi Network, moving away from peer-to-peer transactions to offer a simpler and more secure solution, especially for newcomers to the crypto space.
The KYB regulatory framework, similar to the KYC (Know Your Customer) process for individual users, ensures that companies like Banxa adhere to strict standards. Only KYB-approved platforms are permitted to facilitate Pi exchanges, while individuals must go through KYC verification and use non-custodial wallets for over-the-counter transactions.
Pi Network : Towards Greater Visibility and Institutional Interest
Banxa’s approval could soon be followed by other major players such as BitMart and HTX, who are also on track to obtain their KYB certification in the coming days. Broader support from key exchanges should enhance the visibility and trading volume of Pi Network.
With the approaching Consensus Summit 2025, the increasingly compliant Pi ecosystem could position itself as a serious contender in the ever-evolving digital currency landscape.
Analysis : Mixed Momentum Despite the Announcement
Despite this crucial regulatory advancement, the price of Pi has seen minimal movement recently. Currently, the token is trading around $0.59, with an RSI of 44.58, indicating weak buying momentum.
Likewise, the On-Balance Volume (OBV) remains flat at -13.87 million, indicating limited investor interest and volume. Unless more pronounced bullish signals or new listings on major exchanges emerge, Pi is likely to continue in a consolidation or retracement phase.
Should You Buy Pi Network Now ?
With a Point of Control (POC) at $0.64, Pi will need an influx of new capital and serious volumes to break through this resistance.
Furthermore, a new uptrend line has formed and could be tested in the coming hours or days. Pi could potentially retreat to the support at $0.52.
However, Pi still appears poised to rise to $0.60. The tightening of the Bollinger Bands signals that it’s time for Pi to move.
In a bullish scenario, it would target $0.60 and then $0.80. Conversely, a drop could lead it to $0.53 or even $0.40 to $0.45.
Therefore, close monitoring in the coming days for Pi and staying updated on listings is crucial. It is currently available on the reputable exchange Bitget, here is a guide to acquire the token right away:
- Create a Bitget account
Sign up on bitget.com with your email or phone, validate the sent code, and activate 2FA to secure your account. - Verify your identity (KYC)
Submit an ID to complete KYC verification, necessary for trading. - Add funds
Deposit cryptos (USDT, BTC) or fiat via credit card (Visa, Mastercard) or wire transfer in the “Deposit” section. - Access the PI market
Go to “Spot Market”, search for “PI”, and select the PI/USDT pair. - Make the purchase
Choose a market order (immediate purchase) or limit order (fixed price), specify the quantity, and confirm.
