Pi Network Reportedly Exploring KYB Partnerships With Coinbase, Binance Amid Open Mainnet Preparations

In what may signal a new phase of strategic expansion, Pi Network is reportedly in discussions to implement Know Your Business (KYB) protocols with major cryptocurrency exchanges, including Coinbase and Binance. The move, if confirmed, would represent a major leap forward for the rapidly growing decentralized network as it prepares for the much-anticipated launch of its Open Mainnet.

According to sources close to the matter, Pi Network is engaging in preliminary talks with several global partners to explore KYB requirements—a regulatory standard that allows organizations and service providers to verify the legitimacy of businesses transacting on their platforms. Among the potential collaborators mentioned are industry giants Coinbase and Binance, both of which have extensive KYB systems already in place.

This strategic development comes at a crucial juncture for Pi Network, which has already onboarded over 60 million users globally and is racing toward the completion of its decentralized infrastructure, including the final phases of KYC (Know Your Customer) for individuals and KYB for businesses.

What Is KYB and Why Does It Matter?

Know Your Business (KYB) is a regulatory process similar to Know Your Customer (KYC), but applied to organizations rather than individuals. It includes the verification of company registration documents, beneficial ownership, tax compliance status, and other legal credentials. KYB is essential in fighting fraud, money laundering, and terrorist financing—ensuring that platforms interact only with legitimate, law-abiding businesses.

By exploring KYB partnerships, Pi Network is signaling its intent to integrate more seamlessly with regulated financial ecosystems, especially if it hopes to be listed on major exchanges. In a world where compliance can often make or break a crypto project, Pi Network’s move toward transparent business verification could give it a significant edge.

A Step Toward Listing on Major Exchanges

One of the core expectations within the Pi Network community is the official listing of Pi Coin on tier-1 exchanges. While Pi Coin is currently enclosed in its Mainnet phase, with transactions limited to within the ecosystem, the eventual opening of the Open Mainnet would allow the coin to be traded freely on public markets.

However, such listings require rigorous compliance measures, not only for individual users but also for businesses and app developers within the ecosystem. This is where KYB becomes critical. By enabling businesses—especially Pi-based apps and marketplaces—to verify their legitimacy, Pi Network can facilitate smoother exchange listings, reduce regulatory risks, and improve the ecosystem’s credibility.

Coinbase and Binance, known for their strict listing requirements and commitment to compliance, would almost certainly demand such measures before engaging in any form of partnership or token listing. The fact that Pi Network is considering KYB with these companies suggests that it is laying the foundational work necessary for major integrations.

Why This Move Is Different

Unlike many emerging crypto networks that focus solely on user growth, Pi Network has always taken a utility-first approach. Its vision of a widely usable currency depends on real-world applications, business adoption, and regulatory compatibility. The introduction of KYB reflects this broader vision and may set Pi apart from other emerging blockchains that continue to operate in regulatory gray zones.

Moreover, the timing of these talks aligns with other infrastructure advancements inside the Pi ecosystem. Just recently, the network rolled out major updates to its Mainnet migration tools, optimized its KYC pipeline, and introduced smart contract functionalities in the Pi Browser. These developments hint that Pi is maturing rapidly—no longer just a "mining app," but a serious decentralized platform with global ambitions.

Benefits for the Pi Ecosystem

KYB would unlock new levels of functionality within the Pi ecosystem:

• Verified Businesses: Apps, marketplaces, and services built on the Pi platform could gain greater trust by becoming KYB-verified.

• Third-Party Partnerships: Major brands, payment providers, and DeFi platforms may be more willing to integrate with Pi if it complies with international business standards.

• Regulatory Legitimacy: In an era of increasing scrutiny from global financial regulators, Pi Network’s compliance-first approach could shield it from many of the risks that have plagued other projects.

• Greater Economic Activity: KYB opens the door for higher transaction volumes, token liquidity, and larger investments, especially from institutional players.

Coinbase and Binance: Why They Matter

Coinbase and Binance represent the two most influential crypto exchanges in the world, with a combined user base in the hundreds of millions. A partnership or listing with either of these platforms would instantly bring Pi Coin into the global trading spotlight.

However, both exchanges have stringent due diligence processes. Coinbase, headquartered in the U.S., complies with strict regulations from the SEC and FinCEN. Binance, while more global in nature, has been under increasing regulatory pressure to enhance transparency and anti-money laundering measures. Any serious project wishing to collaborate with these platforms must pass through multiple levels of compliance verification—making Pi Network’s potential KYB push a necessity.

The Road Ahead for Pi Network

With growing momentum behind Pi Network, community members are eager to see when the Open Mainnet will officially launch. While no specific date has been announced, signs are pointing toward a near-future debut. The community has observed increased activity in Mainnet migrations, app onboarding, and external developer participation.

The inclusion of KYB adds another crucial puzzle piece. By formalizing business verification processes, Pi Network could significantly expand its utility, ensuring that both users and partners operate in a secure, compliant environment. Such measures would also prevent ecosystem abuse, scams, or money laundering activities that could undermine user trust.

Pi is considering KYB for multiple partners, including Coinbase and Binance.#pinetwork #okcoins pic.twitter.com/yqFdd6mPHe

— OKcoins (@OK_coins) May 21, 2025

If KYB is successfully implemented and Pi Network gains the blessing of exchanges like Coinbase or Binance, Pi Coin may finally be on the path toward achieving broad legitimacy and liquidity—two milestones that many consider prerequisites for mainstream adoption.

Conclusion

As the cryptocurrency space matures, compliance and legitimacy have become just as critical as innovation and user acquisition. Pi Network’s consideration of KYB partnerships with industry titans like Coinbase and Binance could serve as a catalyst for broader integration, regulatory acceptance, and long-term sustainability.

While much remains to be seen, including official confirmation from either exchange, the prospect alone signals that Pi Network is preparing itself for a much bigger stage. Its journey—from mobile mining experiment to one of the most talked-about decentralized platforms in the world—continues to evolve in strategic and impactful ways.

Should these KYB initiatives materialize, Pi may very well transition from a closed ecosystem to a globally recognized digital currency—and do so on a foundation of transparency, inclusivity, and trust.

Writer @Erlin

Erlin is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

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