Which exchanges list Pi Coin, and who can use them in Asia

Pi Coin (PI) is the native token of Pi Network, whose Open Network went live on 20 February 2025. Since that day, the question most readers ask is simple: where can I actually trade it, and is the thing I am buying the real token? The answer depends on three layers that are easy to blur together: what Pi Network itself recognises, what an exchange says on its own pages, and what the law in your country allows you to use. This page keeps them apart, dates every claim, and links to the primary sources so you can repeat each check yourself.

PI changes hands in thin, offshore markets. CoinMarketCap showed a price near US$0.082, a 24-hour volume around US$2.9 million and a rank around 71 on 12 October 2026, against an all-time high of US$2.98 set on 26 February 2025. The live widgets above this article carry the current numbers; what follows is about the venues, not the price. If you want the price story, read the Pi Coin price guide.

Where PI trades as of 12 October 2026

Five venues have documented PI/USDT or fiat spot markets. Four are the exchanges that announced listings in the days around the Open Network launch, and the fifth, Kraken, joined more than a year later.

Sources for the dates are each exchange’s own announcement (OKX help centre, Bitget blog, MEXC announcements, Gate announcements) and Kraken’s listing post; the table is a snapshot, and listing pages can change without notice. Pionex and LBank also appear on Pi’s KYB list as exchanges, but we have not verified their PI markets in detail, so we do not describe them further. Banxa, Onramp.money, Onramper, Zypto and TransFi on the same list are card and bank on-ramps rather than order-book exchanges.

Kraken deserves a short note because readers in Asia ask about it. Kraken says “geographic restrictions may apply”, and its own licensing page states that it holds no licence and is not regulated in Singapore, with Japan on its prohibited list. Its availability in Korea, Vietnam, Indonesia, Thailand and Malaysia is not confirmed on pages we could read, so check its live country list.

Pi IOU versus real PI

Before the Open Network opened, Pi could not leave Pi’s firewalled “enclosed” network. Several venues nonetheless sold pre-market or IOU products, promises to deliver Pi later, without authorisation from the Pi Core Team. Prices in the hundreds of dollars seen in early 2025 belonged to those products, not to PI. HTX, for one, delisted its Pi IOU on 13 February 2025 and converted holdings to USDT at 1 PI = 61.28 USDT, according to reports; it has no verified PI spot market today.

The practical test is movement. Real PI is a token on Pi Mainnet that a KYB-verified venue can accept from, and send to, a Pi wallet address. An IOU is a ledger entry inside one company. If a product page calls PI an IOU, a “placeholder for future tokens”, it is telling you that withdrawal to Pi Mainnet cannot be assumed. If a venue publishes deposit and withdrawal notices for PI, as OKX, MEXC and Kraken do, that is a stronger sign of real PI. For Bitget and Gate we found deposit pages but could not confirm the network wording or withdrawal status, so test with a small amount first. The mechanics of the move are covered in the guide to transferring PI to an exchange.

What Pi’s KYB list actually means

KYB stands for “know your business”. After the Open Network launched, Pi said that exchanges and on-ramps had integrated after passing KYB, and its KYB list page on minepi.com says KYB “requires proper licenses for businesses’ respective geolocations” and that only KYB-verified businesses can hold Pi Mainnet wallets. The list we read on 12 October 2026 has no date; its only date mark is a 2024 copyright footer. In page order it names Kraken, OKX, Bitget, Gate, Pionex, Onramp.money, Onramper, Zypto, LBank, TransFi, MEXC and Banxa.

Two things follow. First, Pi’s own blog says to avoid third-party services “including CEXs that claim they integrated with Pi but are not listed” and to be extremely cautious with any business not on the page. Second, being on the list is not an endorsement of the exchange’s safety or a statement that it is licensed where you live. It is a statement by the Pi Core Team about Pi Mainnet connectivity. Whether PI is a lawful product for you is decided by your own regulator, which is why the next section matters. For the wider question of Pi’s credibility, see is Pi Coin legit.

Availability by Asian country

Exchanges publish restricted-location lists, and these lists disagree with each other, are often “not limited to” lists, and change without notice. The table below records only what each exchange’s own pages said on 12 October 2026 for the seven markets this site covers. “Not named” does not mean “allowed”: it means the page we read did not mention the country.

In Hong Kong, all four name the territory as restricted. The SFC’s list of licensed virtual asset trading platforms, last updated 29 May 2026, shows 13 platforms and lists no tokens; we found no evidence that PI trades on any of them, so treat a licensed Hong Kong route for PI as unconfirmed. See the Hong Kong guide.

In Japan, OKX, Bitget and Gate name Japan as restricted, and MEXC is “limited”: Japan’s FSA sent it warning letters on 31 March 2023 and 28 November 2024. We extracted the FSA register of 27 registered operators dated 1 September 2026 and found no PI entry, so Pi is not available on Japan-regulated exchanges. The Japan guide covers tax and what is realistic.

In South Korea, the picture is mixed. OKX says it may restrict derivatives and P2P; Bitget’s terms do not name Korea; Gate lists it; MEXC’s apps were blocked from Google Play in March 2025 and the App Store in April 2025 at the request of regulators, according to MEXC’s own country guide. We found no PI listing on Upbit, Bithumb, Coinone or Korbit. See the South Korea guide.

Vietnam is the only one of the seven markets that none of the four names, but that is not a green light. Vietnam has no licensed exchange yet under its five-year pilot, the Hanoi City Police warned about Pi on 3 March 2025, and crypto is not a lawful payment means. See the Vietnam guide.

In Indonesia, Gate names the country and MEXC limits access; OKX and Bitget do not mention it. A secondary report from June 2026 says the Satgas PASTI task force halted 228 unlicensed crypto traders between January and May 2026, naming several international exchanges including OKX and Gate. Locally licensed venues such as Indodax, Pintu and Tokocrypto have no verified PI listing. See the Indonesia guide.

In Thailand, Bitget and Gate name the country. The Thai SEC announced in 2025 that it would block OKX and others from 28 June 2025 (reported by The Block; whether the block was fully carried out is unverified). Licensed Thai exchanges such as Bitkub show no PI listing in the sources we found. See the Thailand guide.

In Malaysia, OKX, Bitget, MEXC and Gate all prohibit or restrict the country, and the Securities Commission Malaysia added MEXC Global to its Investor Alert List on 5 September 2022. Luno is among the five SC-registered exchanges, and we found no PI on it. See the Malaysia guide and the regional regulation overview.

Binance, Bybit, Coinbase and local exchanges

Binance held a community vote in February 2025, with reported support around 86-88 per cent, but a listing did not follow as of the latest reports we found. Bybit’s CEO Ben Zhou said in February 2025 that Bybit would not list PI; we found no reversal. Coinbase’s PI page carries an IOU notice, and none of the three is on Pi’s KYB list. HTX’s current PI spot status is not found. If a site tells you PI is “now on Binance”, treat it as a red flag.

A note on CEX.IO as an IOU-style venue

CEX.IO offers a product it calls “Pi [IOU]”. Its own buy page says Pi Coin is “currently traded as an IOU, meaning it is a placeholder for future Pi Network tokens”, and it lets users buy with a card or bank payment methods listed on that page (Visa, Mastercard, SEPA, SWIFT, PayPal, Skrill, Neteller). CEX.IO is not on Pi’s KYB list as of 12 October 2026, so you should not assume that anything bought there can be withdrawn to Pi Mainnet. Its wallet page says to send PI to a CEX.IO wallet address, which sits uneasily with the IOU wording, and we could not verify which description is accurate for your account. Availability depends on your country, and identity verification is required.

What the company states about itself: it has operated since 2013, cites “30+ licences and registrations” and registration as a Money Services Business with FinCEN in the United States, says it has repeatedly passed Level 1 PCI DSS audits, and shows a financial promotion approved on 3 August 2026 by CEX.IO Markets UK Limited, an FCA-authorised firm (FRN1007192). These are company statements, and we have not verified licence numbers, so confirm them on the FinCEN and FCA registers before relying on them.

How to choose a venue

Start with your country, not the fee table. If your home market appears on an exchange’s restricted list, stop there; fee differences of a few hundredths of a per cent do not matter if the account can be closed. Next, check the KYB list for the exact business name, then read the venue’s PI page for deposit and withdrawal notices. Only then compare cost: on 12 October 2026, base spot rates were 0.08 per cent maker and 0.10 per cent taker at OKX (Regular tier), 0.1 per cent both ways at Bitget and at Gate’s VIP 0 tier on its EU fee page, and 0 per cent maker with 0.05 per cent taker at MEXC. Liquidity is thin everywhere, so use limit orders.

Finally, decide where the coins live. A KYC-verified, migrated Pioneer can send PI from the Pi Wallet to a listed venue; an unverified Pioneer whose balance is stuck in the mining app cannot, and can only acquire PI by buying. Both situations are explained in the buying guide, the selling guide and the wallet guide, and the KYC guide covers the verification step that gates everything.

Read the venue reviews

Each of our four reviews covers one exchange in depth: OKX for the lowest-friction fee schedule among the big four, Bitget for its mandatory verification and zero-fee P2P, MEXC for the lowest taker fee alongside a heavy regulatory warning trail, and Gate for the longest published list of licences and the longest list of Asian restrictions. None of this is investment advice; PI sits about 97 per cent below its all-time high and liquidity is thin.

Updated: October 12, 2026