Pi Coin has resumed trading on the BitMart exchange after being suspended for nearly a month. This development has rekindled interest among investors and community members who have stood by the project during its recent challenges.

The temporary halt in trading was due to pending KYB (Know Your Business) compliance issues tied to 1:1 Pi swaps. BitMart’s move to bring Pi Coin back signals potential progress on that front and could mark a critical step toward re-establishing confidence in the Pi Network.

With the crypto market in constant flux, this resumption of trading could be the lifeline Pi Coin needs to regain momentum—and possibly revisit the $1 price mark.

Why Was Pi Coin Suspended?

The Pi Network, a project that once captured the imagination of millions with its mobile-first mining approach, hit a major obstacle when Banxa, a leading fiat-to-crypto on-ramp provider, suspended all Pi-related transactions. The reason? Ongoing KYB approval processes that prevent seamless fiat integration for Pi Coin.

This created a liquidity crunch and left many users unable to convert fiat into Pi Coin, significantly stalling its adoption and daily transaction volume.

Crypto analyst Dr. Altcoin weighed in on the situation, noting that Banxa had earlier acquired large volumes of Pi at relatively low prices. This raises speculation that the platform may be positioning itself for a strong reentry—assuming compliance hurdles are cleared. Should that happen, a rebound in Pi Coin’s price could follow.

BitMart’s Comeback Move: A Sign of Recovery?

BitMart’s decision to resume Pi Coin trading comes at a crucial time for the Pi Network. The price of Pi Coin has dropped sharply—plunging nearly 80% from its all-time high of $3, now hovering around $0.63. The relisting gives the coin a much-needed dose of legitimacy and could attract a fresh wave of investor interest.

Industry experts suggest that if BitMart secures full KYB approval in the coming weeks, it could open the door for increased trading volume and possibly renewed institutional interest. Some optimistic voices even speculate that Pi Coin might hit the symbolic $1 threshold again if market sentiment improves.

Banxa’s Exit: Temporary or Telling?

Banxa’s suspension of Pi Coin trading sent shockwaves through the Pi community. As a major fiat on-ramp, Banxa played a pivotal role in facilitating real-world usability for Pi. Without its support, users face extra steps and higher friction to acquire or trade the token.

However, this might not be the end of the road. Insiders hint that Banxa could return to Pi transactions once KYB compliance is achieved. Given Banxa’s previous strategic investment in Pi, it seems unlikely they’ll walk away from the project permanently.

In the meantime, the Pi Network is focused on solidifying its internal ecosystem, with new decentralized applications (dApps) being approved and rolled out—showcasing the team’s commitment to long-term growth beyond short-term price action.

The Exchange Listing Mystery: Binance, HTX, and Beyond

One of the biggest questions looming over the Pi Network is its absence from top-tier exchanges like Binance, Coinbase, and Kraken. The lack of listings on these platforms significantly limits Pi Coin’s visibility and access to a broader investor base.

However, recent developments have increased hope. The Pi logo was spotted in a promotional post on HTX (formerly Huobi), stirring rumors about a possible listing. While no official declarations have been made, the buzz is enough to keep the community speculating.

For now, the Pi Network remains in a sort of limbo—visible and supported by its community, but lacking the infrastructural backing to fully compete in the broader cryptocurrency space.

What’s Next for Pi Coin?

Looking ahead, the Pi Network has several hurdles to overcome, but it’s not without its strengths. Community backing remains robust, and the developers continue to push updates, dApp approvals, and ecosystem enhancements—all while the broader crypto market slowly regains steam.

Upcoming milestones include:

• Final KYB approvals for BitMart and potentially Banxa.

• Possible listings on additional exchanges, including HTX.

• Preparations for Consensus 2025, where Pi Network could present a stronger version of itself to the global crypto community.

Final Thoughts: Is This the Turning Point?

The resumption of Pi Coin trading on BitMart might seem like a small step, but it could be the first in a series of major developments. If the Pi Network can secure regulatory compliance and lock in more exchange support, it has a real chance to reclaim lost ground.

For now, cautious optimism reigns. Investors and users alike are watching closely—hoping that the struggles of recent months are the growing pains of a project with untapped potential.