Bybit CEO Ben Zhou Refuses to Join Pi Network, Here's Why!

Bittime - Pi Network continues to attract the attention of the crypto community ahead of its mainnet launch scheduled for February 20, 2025. This digital asset experienced a significant price surge after the developer confirmed the big move. However, amid user enthusiasm, Bybit CEO Ben Zhou emphasized that he would not join the Pi Network.

In a post on X (formerly Twitter), Bybit CEO Ben Zhou declined the invitation to get involved with the Pi Network, calling it absurd. This statement sparked debate among the crypto community, especially given the growing number of exchanges starting to look at Pi Network.

Reasons why Bybit CEO Ben Zhou refused to join Pi Network

Ben Zhou openly stated that he was asked to join Pi Network, but he firmly refused. According to him, this project is not transparent enough and has various problems that made him choose to keep his distance.

Zhou also compared this experience to his past in the world of forex trading, where many people tried to request refunds. He emphasized that the world of digital assets needs more clarity and transparency, something he believes Pi Network does not currently have.

Read also: Pi Network Listing on Crypto Exchanges and Preparations for How to Send PI Coin from Wallet

Controversy Surrounding Pi Network

Pi Network has faced various challenges since the beginning of its development. One of the biggest controversies is the accusation that Pi's mining system resembles a pyramid scheme. In this system, users can mine digital assets just by using their cellphones, but they are also asked to invite others to get more profit.

Although Pi Network claims that their model is designed to create a more inclusive Web3 ecosystem, some experts and crypto communities remain skeptical of this business model. In fact, some exchanges such as Bitget removed information related to this token after previously announcing plans to list it.

Source X

“I really don’t want to get involved in the cryptocurrency world… Stay away from it… Thank you.”

Impact of Ben Zhou's Decision on the Pi Network Market

The Bybit CEO's firm statement has sparked speculation in the crypto community. Some users question whether Bybit's rejection will affect Pi Network's value and credibility in the market. Meanwhile, others argue that Bybit's move shows that the platform is more selective in choosing which digital assets to support.

On the other hand, several major exchanges such as OKX and MEXC have announced their plans to list Pi Network after the mainnet launch. This shows that despite skepticism, there is still confidence in the growth potential of this digital asset.

Read also: Pi Network: Mainnet Launch Schedule and Listing on Crypto Exchanges

Will Bybit List Pi Network in the Future?

Until now, Bybit has not made an official announcement regarding the possibility of listing Pi Network on their platform after the mainnet launch on February 20, 2025. While several other exchanges have taken steps to support this digital asset, Bybit still seems cautious in making decisions.

Bybit's decision not to get involved with the Pi Network shows the importance of more in-depth research before investing in a new project. As the digital asset ecosystem develops, transparency and credibility are key factors in determining a project's success.

Conclusion

Pi Network continues to grow and attract attention, especially ahead of the launch of its mainnet. However, Bybit CEO Ben Zhou's decision to refuse to join the network shows that there are still many unanswered questions regarding Pi Network's business model and transparency.

For investors and users of digital assets, this step is an important reminder to always do research before investing. Will Pi Network succeed in proving its credibility? Only time can answer that.

FAQ

When will the Pi Network Mainnet be launched?

The Pi Network Mainnet is scheduled to launch on February 20, 2025, at 8:00 UTC, marking the beginning of the “Mainnet Open Network” period.

Why did Bybit CEO Ben Zhou refuse to join the Pi Network?

Ben Zhou stated that he wanted to keep his distance from Pi Network and refused the offer to join, considering it a nonsensical idea.

Will Bybit list Pi tokens after the mainnet launch?

Currently, Bybit has not made an official announcement regarding the listing of Pi tokens on their platform, unlike other exchanges such as OKX and MEXC which have planned to list the tokens.

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Reference

cryptotimes.io, Bybit Ceo Ben Zhou Refuses to Join Pi Network, accessed February 13, 2025.

coinpedia.org, Bybit CEO Refuses to List Controversial PI Token After OKX Announcement, accessed February 13, 2025.

Author: AWW