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Chinese users are restricted from trading PI on OKX

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At the request of the Pi Network project, PI will be listed on the OKX exchange in an isolated listing mode. Users in some countries (including China) will not be able to deposit and trade PIs.

As reported by MarginATM, cryptocurrency exchange OKX will list PI tokens at 15:00 on February 20, 2025 (Vietnam time). Notably, upon request from the Pi Network project, this listing will be carried out in an isolated listing mode, and users in some countries, including China, will not be able to deposit and trade PIs. Other relevant provisions remain the same.

Isolated Listing Mode is a special form of listing that an exchange applies to certain assets. When a token is listed under this regime, it usually has restrictions such as:

  • Cannot be traded with all trading pairs: Tokens can only be traded with certain pairs, instead of being fully integrated into the exchange's trading system.
  • Deposit/Withdrawal Restrictions: Some users in specific regions (such as China in this case) may be restricted in depositing or withdrawing tokens.
  • Separate from other markets: Tokens may not be used as collateral or not supported in the exchange's other financial services (such as margin trading, futures contracts).

This regime is usually applied when there are legal risks, low liquidity or projects that require trading limits in the initial phase of listing.

 

Earlier,Invite your friends OKX announced this. However, the post has now been deleted.

The post has been removed from OKX's website. Source: OKX.

Pi Network, launched in 2019, has attracted attention with its mobile cryptocurrency mining model. After more than six years of development, the project is expected to move into the Open Network phase on February 20, 2025, marking an important milestone in expanding the ecosystem and enhancing the applicability of PI tokens.

OKX's listing of PI is seen as an important step forward, enabling users to access and trade this token on one of the world's largest exchanges. However, this decision also comes with certain restrictions, especially for users in China, due to requests from the project side.

There are also mixed opinions about this listing. Ben Zhou, CEO of the Bybit exchange, declined to list PI. He expressed concerns about the transparency and potential risks of the project.

MarginATM will continue to update as new information becomes available.