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.
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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.
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