<ul class="wp-block-list">
 <li>Binance has reopened its token listing process by community vote, considering the addition of Pi Network (PI).</li>
 <li>The vote, ending on February 27, currently shows 85% support for listing Pi ahead of its mainnet launch.</li>
 <li>Critics, including Colin Wu of Wu Blockchain, argue that Binance’s approach prioritizes user growth and traffic over security and reputation.</li>
</ul>
<p><a href="https://thenewscrypto.com/?s=Binance" target="_blank" rel="noopener noreferrer nofollow">Binance</a>, the world’s largest cryptocurrency exchange, recently launched a community vote to decide whether to list <a href="https://thenewscrypto.com/?s=pi+network" target="_blank" rel="noopener noreferrer nofollow">Pi Network</a> (PI) on its platform. The vote was initiated on February 17 and is set to close on February 27. The initiative allows users to express their opinions on listing Pi Network, and early results indicate that 85% of voters support the addition, just one day before its mainnet launch.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="991" src="https://thenewscrypto.com/wp-content/uploads/2025/02/image-34-1024x991.png" alt="" class="wp-image-127500" srcset="https://thenewscrypto.com/wp-content/uploads/2025/02/image-34-1024x991.png 1024w, https://thenewscrypto.com/wp-content/uploads/2025/02/image-34-300x290.png 300w, https://thenewscrypto.com/wp-content/uploads/2025/02/image-34-768x743.png 768w, https://thenewscrypto.com/wp-content/uploads/2025/02/image-34.png 1065w" sizes="auto, (max-width: 1024px) 100vw, 1024px">
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  Binance Community Vote to List Pi Network
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</figure>
<p>However, the decision has drawn backlash from some industry figures. Colin Wu, founder of Wu Blockchain, expressed concerns over Binance’s choice to revive community-driven listings after a seven-year hiatus.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="zh" dir="ltr">本来以为 OK 玩得已经很花，结果币安在 PI 上面玩得更花，时隔七年第一次搞起了投票上币。明明已经是行业绝无仅有的领头羊地位，却还要在这种风险极高的代币上面“蹦迪”，为了流量和注册量，完全不在意会给非常脆弱的中文社区带来风险。币安已经是这个行业的基础设施，应该更侧重安全、口碑而非流量。</p>— Colin Wu (@WutalkWu) <a href="https://twitter.com/WutalkWu/status/1891782138833375554?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 18, 2025</a>
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<p>He argued that Binance’s focus on driving traffic and increasing user registrations by listing high-risk tokens like Pi Network compromises the exchange’s responsibility to maintain security and uphold its reputation. Wu also warned that such moves could pose risks, particularly to the highly fragile Chinese-speaking community.</p>
<h2 class="wp-block-heading" id="h-industry-concerns-and-binance-s-defense">Industry Concerns and Binance’s Defense</h2>
<p>Critics have questioned Binance’s priorities, suggesting that the exchange is more interested in boosting its user base than ensuring robust security standards. This sentiment is echoed by other observers who note that Binance’s previous token listing practices have faced similar criticisms.</p>
<p>In response, Binance clarified that not all community votes will be counted; votes originating from certain countries or regions, including mainland China, will be deemed ineligible if they fail to meet the platform’s criteria.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="zh" dir="ltr">用户您好，<br><br>非常感谢您的关注。根据相关要求，我们在“币安社区投票”的简体中文公告中已标注，包括但不限于居住在中国大陆等国家或地区的用户将不计入有效投票结果。活动结束时，我们将剔除不符合条件或来自不适用地区用户的投票以及违反条款和条件的投票后，宣布最终有效投票数。… <a href="https://t.co/cFbRe2C4pp" rel="noopener noreferrer nofollow">pic.twitter.com/cFbRe2C4pp</a></p>— Binance Customer Support (@BinanceHelpDesk) <a href="https://twitter.com/BinanceHelpDesk/status/1891817612944060618?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 18, 2025</a>
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<p>While several centralized exchanges have announced plans to list Pi coin, many industry experts remain skeptical of the token due to ongoing legal and regulatory uncertainties. Despite the 85% support in the current vote, the final decision will ultimately depend on Binance’s internal evaluation and adherence to its listing standards.</p>
<p>In summary, although the strong community vote reflects support for Pi Network, concerns about security, regulatory risk, and the overall strategy behind Binance’s listing process continue to fuel debate within the crypto community.</p>

Binance Community Vote for Pi Network Draws Backlash Amid Security Concerns

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