Banxa Unlocks Pi in 100+ Countries After KYB Approval Sparks Market Buzz
By: coinstats blog|2025/05/04 21:15:01
0
Share
Banxa has officially resumed Pi transactions following its KYB (Know Your Business) approval, allowing users in over 100 countries to purchase Pi using cash instantly. This development has triggered renewed market activity and growing attention within the Pi Network ecosystem. According to Dr. Altcoin’s update, Banxa has achieved all necessary regulatory criteria to fully start transactions within the Pi platform. Banxa had suspended operations before the announcement as several analyzed the pause because KYB clearance was in progress. Banxa purchased many Pi tokens, but the market price was low, according to media reports, after the suspensive period. Also Read: Whale Makes $9M Trading Crypto, Then Buys $24M in Bitcoin Before Surge Banxa received approval to expand its regulated services for Pi, making it easier for Pi to acquire among many jurisdictions after clearance. KYB approval status becomes mandatory before companies can become eligible to perform custodial Pi trading activities. Users must fulfill KYC requirements for peer-to-peer trading but do so through non-custodial digital wallet solutions. More Platforms Expected to Join Pi Network’s Regulatory Shift Institutional interest continues to grow, with platforms like BitMart and HTX anticipated to receive KYB approval in the coming days. These approvals are expected to increase institutional involvement in the Pi ecosystem and widen accessibility. The shift toward regulatory compliance is critical in the network’s expansion efforts. Legal clarity builds trust among users and encourages broader participation in Pi-related transactions. Meanwhile, Pi’s market value has responded positively with a 1.44 percent price increase in the last 24 hours, reaching $0.5920. Market capitalization rose to $4.16 billion, while daily trading volume jumped by 64.67 percent to $71.05 million. As token unlocks are set to slow after mid-May, selling pressure may decrease further. This environment could support more stable upward movement in the price as demand grows alongside expanding platform access. Conclusion Banxa’s KYB approval has reignited market buzz around Pi Network by opening access in over 100 countries. With more platforms preparing to join under full compliance, the Pi ecosystem shows signs of stronger institutional support and broader global adoption. Also Read: Justin Sun Exposes $500M TUSD Fraud Tied to Dubai Banks and Top Execs The post Banxa Unlocks Pi in 100+ Countries After KYB Approval Sparks Market Buzz appeared first on 36Crypto .
You may also like

Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?
The interest of the younger generation is shifting from cryptocurrency to the field of artificial intelligence, which coincides with the current phenomenon in the cryptocurrency industry.

The little deer live by the water and grass
Mining companies have never been the most devout believers in Bitcoin. Under the pressures of halving compressing profits, financial reports showing revenue growth without profit increase, and coin prices falling below mining costs, the industry is collectively de-risking.

The world belongs to Chinese people who speak English
The world is vast, and only playing half of it is truly a loss.

Why Stop at 126K? Michael Saylor Breaks Down BTC Stagnation and Retail Absence Truth
Bitcoin is digital capital, and I will spend a thousand hours explaining it to you. Eventually, you will understand, but you will still have to endure a 45% crash.

Virtuals Protocol's inaugural Titan project: ROBO aims to give a wallet to a robot
This is a key step in Virtuals expanding the Agent Economy into the Embodied AI and Robotics field.

Stablecoin Latest Report: Actual Distribution and Circulation Much More Notable Than Supply
The Truth about Stablecoin Circulation Speed, Concentration, and Structure After Doubling the Supply

Paradigm's New Arithmetic: When Crypto Can't Hold 12.7 Billion, AI Becomes the Answer
It took Paradigm three years to emerge from the ruins of FTX.

Wintermute Founder: In the Lost Cryptocurrency Market, What Can We Still Do?
This is more like a manifesto, discussing "the very reason we are here."

$1.3 Billion Debt: BitDeer Faces Tough Battle
Wu Jihan is waiting for AI's money to catch up with the speed of debt.

Anthropic's IPO Gamble: At the Most Unlikely Moment, It Chose to Say No
In the AI Era, what is the most valuable thing?

Paradigm's Math Problem: $12.7 Billion, Too Big for a Single Crypto Fund
Emerging from the ruins of FTX, Paradigm took three years

Ethereum Unveils Scaling Roadmap, What's Different This Time?
Short-term improvements to execution efficiency through the Gas mechanism optimization and block validation parallelization, and long-term scalability through ZK-EVM and blobs data architecture.

Anthropic Ban Wave, OpenAI $100 Billion Funding Controversy: What Is the Overseas Crypto Community Talking About Today?
What Have Foreigners Been Most Interested in Over the Last 24 Hours?

Morning News | OpenAI receives $110 billion investment; Solana launches Solana Payments; M0, MoonPay, and PayPal jointly launch PYUSDx
Overview of Important Market Events on February 27

Bloomberg: A Romanian Presidential Election Intervened by Crypto Traders
The puzzle of the Romanian elections under digital manipulation.

Founders Fund, Pantera, and Franklin Templeton join Sentient's "Arena" to stress test enterprise-level AI agents
Sentient is gathering builders and supporters from around the world (including Founders Fund, Pantera, Franklin Templeton, alphaXiv, Fireworks, OpenRouter, etc.) to jointly address the reasoning capability gap in enterprise AI.

Why Retail Is Shifting From Crypto to Equities: Will They Return?
Retail traders are exiting the crypto market and gravitating towards equities. Bitcoin saw a notable reduction in spot…

Canton Crypto Network vs. XRP: Understanding DTCC’s Strategic Approach to Infrastructure and Liquidity
Key Takeaways Canton Network and XRP serve distinct roles in blockchain technology: Canton for asset tokenization and atomic…
Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?
The interest of the younger generation is shifting from cryptocurrency to the field of artificial intelligence, which coincides with the current phenomenon in the cryptocurrency industry.
The little deer live by the water and grass
Mining companies have never been the most devout believers in Bitcoin. Under the pressures of halving compressing profits, financial reports showing revenue growth without profit increase, and coin prices falling below mining costs, the industry is collectively de-risking.
The world belongs to Chinese people who speak English
The world is vast, and only playing half of it is truly a loss.
Why Stop at 126K? Michael Saylor Breaks Down BTC Stagnation and Retail Absence Truth
Bitcoin is digital capital, and I will spend a thousand hours explaining it to you. Eventually, you will understand, but you will still have to endure a 45% crash.
Virtuals Protocol's inaugural Titan project: ROBO aims to give a wallet to a robot
This is a key step in Virtuals expanding the Agent Economy into the Embodied AI and Robotics field.
Stablecoin Latest Report: Actual Distribution and Circulation Much More Notable Than Supply
The Truth about Stablecoin Circulation Speed, Concentration, and Structure After Doubling the Supply