Huobi Lists Pi Coin, Opens Spot Trading with USDT Pair

Huobi has listed Pi for trading, but is it really Pi from Pi Network?

BSCN

December 29, 2022

Pi Trading Opens on Huobi

Huobi opened Pi Coin spot trading on December 29 at 09:00 AM UTC. Trading is open as a Spot LP pair with Tether (USDT) stablecoin.

Huobi confirmed in a Dec. 29 announcement that deposits and withdrawals are currently unavailable and that Pi Network mainnet upgrades will be monitored closely. The price of the LP reached a high of $61 in the first hours of trading and settled at around $40 at the time of writing.

“Huobi will follow up closely with Pi Network's updates regarding the upcoming mainnet launch,” the announcement writes. “Once the main network is upgraded successfully, Huobi will open Pi for deposit and withdrawals.”

Just a day after XT.COM listed Pi Coin to much frenzy, Huobi backed up its earlier remarks to monitor Pi Network by listing the coin.

Huobi is the second centralized exchange in as many days to list the Pi coin for trading despite the mainnet still in the closed stage. The listings of late appear to be a good sign for the Pi Network community and the arrival of the Open Mainnet.

The Pi Core Team has confirmed that they have not been contacted by any exchanges and that users should be wary of any exchange claiming to use real Pi. There is no external connection or third-party outlet with Pi Network, so traders should exercise caution.

Pi is in Enclosed Mainnet with no external connectivity permitted. Pi Network isn’t affiliated with and hasn’t authorized any exchange listing. Such listings may not operate on real Pi. Participation may result in loss. Trust only official Pi channels: https://t.co/BZtL2zQOrj
— Pi Network (@PiCoreTeam) December 29, 2022

What is Pi Network:

Pi Network is a novel cryptocurrency and developer platform that allows mobile users to mine Pi coins without draining the device’s battery. Pi’s blockchain secures not only economic transactions via a mobile meritocracy system but also a full Web 3.0 experience where community developers can build decentralized applications (dApps) for millions of users.

Where to find Pi Network:

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