The Pi Network continues to strengthen its ecosystem with the formal verification of key cryptocurrency trading platforms through its Know Your Business (KYB) program. As the network transitions toward full Mainnet functionality, ensuring trust, compliance, and security has become a top priority. Four major exchanges—OKX, Bitget, Gate.io, and Pionex—have now successfully completed the KYB verification process, marking a significant milestone in Pi’s journey toward real-world adoption.
This development means these platforms are officially authorized to integrate with the Pi Mainnet and manage Pi Coin (PI) transactions securely. For businesses and users alike, this signals growing legitimacy and opens new doors for utility and interoperability.
What Is KYB in the Pi Network?
KYB, or Know Your Business, is a verification framework designed for companies—particularly crypto exchanges, fintech platforms, and digital service providers—that wish to operate within the Pi Network ecosystem. Unlike KYC (Know Your Customer), which verifies individual identities, KYB focuses on validating the legal and operational legitimacy of businesses.
The process ensures that only compliant, transparent, and trustworthy entities gain access to critical network features such as the Pi Mainnet Wallet, enabling them to support Pi Coin transactions.
Why KYB Matters
- ✅ Authenticates business identity
- ✅ Ensures regulatory compliance
- ✅ Reduces fraud and scam risks
- ✅ Strengthens user trust
By implementing KYB, Pi Network aligns itself with global financial standards, paving the way for broader institutional acceptance.
Key Differences Between KYB and KYC
| Aspect | KYB (Know Your Business) | KYC (Know Your Customer) |
|---|---|---|
| Target | Businesses and organizations | Individual users |
| Focus | Company registration, ownership structure, operational history | Personal ID, biometrics, address verification |
| Cost | Involves a processing fee ($89) | Free for users |
| Purpose | Enable integration with Pi Mainnet services | Confirm individual identity for secure access |
While KYC remains essential for individual Pioneers, KYB is the gateway for enterprises looking to build on or support the Pi blockchain.
👉 Discover how leading platforms are integrating with Pi Network through official verification.
Verified KYB Platforms: Trusted Partners in the Ecosystem
As of early 2025, four prominent cryptocurrency exchanges have been officially verified under the Pi Network’s KYB program:
- OKX
- Bitget
- Gate.io
- Pionex
These platforms have undergone rigorous due diligence to confirm their business integrity, regulatory compliance, and technical readiness to support Pi Coin operations.
Why These Platforms Were Selected
Each exchange met strict criteria including:
- Proven track record in secure digital asset trading
- Global regulatory adherence
- Strong anti-money laundering (AML) policies
- Transparent corporate structure
Their successful verification means they can now offer future support for Pi Coin deposits, withdrawals, and trading, once fully activated on Mainnet.
For Pioneers, this provides peace of mind—when engaging with third-party services, always look for official KYB status to avoid scams.
Why Should Businesses Pursue KYB Verification?
For companies aiming to integrate Pi Coin into their offerings, undergoing KYB verification delivers several strategic advantages:
1. Builds Credibility and Trust
A verified badge on the official Pi Network directory signals legitimacy. Users are more likely to engage with platforms they know have passed stringent checks.
2. Enables Mainnet Wallet Access
Only KYB-approved businesses receive a Pi Mainnet Wallet, allowing them to hold, send, and receive Pi Coins securely.
3. Facilitates Seamless Blockchain Integration
Verified entities gain technical access to APIs and tools that enable smooth integration with the Pi blockchain—essential for payment processing, rewards systems, or decentralized applications.
4. Supports Regulatory Compliance
With increasing scrutiny on crypto-related businesses, KYB helps companies demonstrate due diligence and align with international financial regulations.
5. Reduces Risk of Fraud
By filtering out fake or shell companies, KYB protects both users and genuine businesses from malicious actors impersonating legitimate services.
How Does the KYB Verification Process Work?
The KYB process is structured to ensure thorough vetting while remaining accessible to qualified businesses. Here's a step-by-step breakdown:
Step 1: Submit Initial Application
Businesses must complete an official Google Form provided by the Pi Core Team. This includes details about:
- Company name and registration number
- Business model and use case for Pi Coin
- Intended integration scope (e.g., exchange listing, merchant payments)
Step 2: Pay Verification Fee
A non-refundable fee of $89 is required to initiate the review. This covers third-party verification services conducted by Sinaps, a trusted compliance partner.
👉 Learn how fast-growing platforms are getting verified and joining the Pi ecosystem.
Step 3: Third-Party Review by Sinaps
Sinaps conducts a comprehensive audit of:
- Business registration documents
- Ownership structure (UBOs – Ultimate Beneficial Owners)
- Operational history
- Regulatory licenses (if applicable)
This step ensures all entities meet anti-fraud and AML standards.
Step 4: Final Approval & Wallet Issuance
Once cleared, the business is listed on the official Pi KYB registry and issued a Pi Mainnet Wallet address, enabling full participation in the network.
Processing time typically ranges from 7 to 14 business days, depending on document completeness.
Impact of KYB on the Future of Pi Network
The rollout of KYB is more than just a compliance measure—it's a foundational step toward building a scalable, secure, and trustworthy digital economy around Pi Coin.
🔒 Enhanced Security
By restricting wallet access to verified entities, Pi Network significantly reduces the risk of phishing sites, fake exchanges, and fraudulent services targeting Pioneers.
🌐 Growing Ecosystem Credibility
As more reputable platforms like OKX and Gate.io join the verified list, confidence in Pi Coin’s long-term viability increases among investors, developers, and regulators.
💼 Real-World Utility Expansion
With trusted partners onboard, businesses can begin exploring practical uses for Pi Coin—such as:
- Cross-border remittances
- In-app purchases
- Loyalty rewards
- Merchant payments
This sets the stage for mass adoption beyond the Pioneer community.
Tips for Businesses Interested in KYB Verification
If your company wants to become part of the Pi Network ecosystem, consider these best practices:
- 📢 Monitor Official Channels: Follow updates via the Pi Network app or official website to stay informed about application openings and requirements.
- 📄 Prepare Documentation Early: Gather your business license, tax ID, ownership records, and any relevant compliance certificates.
- ❌ Avoid Scams: Never pay anyone outside the official process. Only submit forms and fees through verified links.
- 💬 Engage Community Resources: Join developer forums or business groups focused on Pi integration strategies.
Remember: Only interact with services that display official KYB verification. You can cross-check listed businesses directly through Pi Network’s public registry.
Frequently Asked Questions (FAQ)
Q: What is the cost of KYB verification?
A: The current fee is $89, paid to cover third-party verification services by Sinaps. This is a one-time charge per business entity.
Q: Can individuals apply for KYB?
A: No. KYB is strictly for registered businesses. Individuals should complete KYC through the Pi App instead.
Q: Does KYB guarantee exchange listing for Pi Coin?
A: Not automatically. While verification allows technical integration, each exchange independently decides whether to list Pi Coin based on market demand and internal policies.
Q: How long does KYB approval take?
A: Typically between 7–14 business days, assuming all documents are accurate and complete.
Q: Is there an appeal process if my application is rejected?
A: Yes. Businesses may reapply after addressing any deficiencies noted during the initial review.
Q: Are more platforms expected to be verified soon?
A: Yes. The Pi Core Team has indicated ongoing evaluations, with additional exchanges and fintech services anticipated throughout 2025.
The formal verification of OKX, Bitget, Gate.io, and Pionex under the KYB program marks a turning point for the Pi Network. It reflects a shift from community-driven development to institutional-grade credibility.
For businesses, this is an opportunity to get ahead of the curve. For users, it means safer interactions and greater confidence in the ecosystem’s growth.
As Pi moves closer to full decentralization and global utility, KYB stands as a cornerstone of trust, transparency, and compliance—ensuring that only legitimate players shape the future of this innovative blockchain project.
👉 See how top-tier platforms are preparing for Pi Coin integration—start your journey today.