Kraken Announces PI Listing, PI Token Rallies 30%

Kraken’s announcement that it will list Pi Network’s PI token triggered an immediate market reaction, with PI jumping roughly 30% in Asia’s morning trading after the news.

“Pi rallies more than 30% after Kraken announces listing Bybit previously declined to list the mobile crypto mining platform, with CEO Ben Zhou citing warnings from Chinese police that the project is a scam”

@coindesk

Multiple outlets reported the sharp rally — CoinDesk noted the 30% surge following Kraken’s listing announcement, MoneyCheck described PI as one of the day’s strongest performers with a 30% increase per CoinGecko metrics, and CryptoNewsZ reported that PI is scheduled to begin trading on Kraken on March 13, 2026 which helped drive investor interest.

@coindesk

The listing development is tied to Pi Network’s transition from a closed ecosystem to an externally connected Open Mainnet and its identity/KYC processes; CoinDesk and CoinCentral both described the February 2025 externally connected mainnet launch and a large KYC-verified user base, while CoinCentral emphasised that tokens trading under the PI ticker on some platforms are IOUs and that a Kraken listing would represent native PI once Open Mainnet and node migrations are complete.

At the same time, MoneyCheck noted that Kraken has not announced a definitive listing date beyond a provisional March 2026 timeframe, so exact timing remains partly unclear across reports.

CoinCentral

Despite the positive market response, the project continues to face scepticism and explicit refusals to list from some exchanges: Bybit CEO Ben Zhou publicly refused to list PI in February 2025 and called the project a scam, citing a 2023 warning from Chinese police that alleged Pi Network targeted elderly users, harvested personal information, and caused some victims to lose pension savings.

“- PI crypto is scheduled to begin trading on the Kraken exchange on March 13, 2026, expanding its presence in regulated markets”

CryptoNewsZ

Multiple sources report these allegations and also note that Pi Network has not provided detailed public rebuttals addressing them, leaving reputational concerns active even as new listings appear.

Broader market context and exchange footprint also shaped coverage: outlets pointed out that PI was already trading on platforms such as OKX, Gate and Bitget, and that a Kraken listing would bring the token into a larger regulated-market venue and potentially deeper liquidity.

CryptoNewsZ highlighted the timing ahead of Pi Day (March 14) as a potential catalyst, while CoinCentral noted tokenomics features such as a 100 billion total supply that market observers discuss when debating future price action.

MoneyCheck