Banxa, a leading global crypto on-ramp, has obtained Know Your Business (KYB) approval. This enables users from more than 100 countries to legally purchase Pi Network’s PI coin using fiat currency, greatly expanding PI’s mainstream accessibility.
The move shifts Pi Network from reliance on peer-to-peer transactions to regulated and compliant mainstream adoption. Banxa’s compliance with strict KYB standards means only approved platforms can facilitate PI trades, while individual users also need to complete KYC verification for non-custodial wallet transactions.
The milestone is likely to increase PI’s visibility, especially with other major platforms like BitMart and HTX expected to gain similar approvals soon. This could lead to wider exchange listings and more institutional interest around the upcoming Consensus 2025 Summit.
Despite these regulatory advances, PI’s price remained mostly flat, trading around $0.5915, with momentum indicators like RSI (44.58) and OBV (-13.87 million) signaling low trading volume and investor interest. Analysts believe real price movement may rely on further bullish signals and additional exchange listings.