#PI# Pi Network (PI) reached unprecedented popularity in 2025 and has a highly active global community, yet it has not been listed on a Centralized Exchange (CEX). Crypto assets analyst Kim H Wong explained in an article on X (formerly Twitter) the reasons why Pi coin has not been launched on mainstream crypto assets platforms. Why has Pi coin not been listed on CEX? For years, Pi Network has attracted attention but has failed to launch on CEX exchanges. Most crypto assets analysts suspect that the core reason for Pi Network's failure to launch is the lack of transparency, but Pi Network has not made an official statement on this. Therefore, crypto assets expert Kim H Wong outlined three main reasons: 1. Not fully open source: due to its still being in the development stage,