Pi Network Files MiCA Whitepaper for OKX Listing

There is a significant regulatory move toward which Pi Network has already moved, with the submission of its full MiCA-compliant whitepaper, which put the project on the road to potential listing under the new European Union-based digital asset regulation. The filing was filed on November 19, 2025, and is currently undergoing due diligence as stipulated by MiCA rules, paving the network to a supervised exchange debut. The shift indicates that Pi Network wants to shift towards an open-market trading ecosystem based on full regulation, and not a closed mainnet environment.

OKX Europe as First Listing Venue

Pi Network has officially sought its first listing on OKX Europe and will commence doing so today per community updates and analyst commentary. As a Virtual Asset Service Provider, under MiCA licensing scheme, it is under the duty of conducting a thorough compliance check before approval of the licence by OKX Europe.

One of the driving forces that are making Pi Network attract regulatory hope is its form of design. The project did not use ICO and therefore it did not require retroactive reviewing of the token sales. Its non-custodial wallet design also fits the interest of MiCA in user sovereignty and verifiable digital identity using a traceable wallet. Pi has an effective KYC system that applied over 60 million verified users. This increases its compliance stance and makes it more attractive to the European regulators who require evidence of anti-fraud measures.

Market Reality

Regardless of regulatory advances though, analysts caution that the potential listing price of Pi will rely on free-market order books and not the long held GCV of the community of $314,159. The likelihood of PI opening within the vicinity of the same is thought to be very low with estimates of 5-15 percent. The more probable is that the organic price discovery is going to prevail, fueled by liquidity, supply in circulation and initial sell pressure by long-bearing holders.

The new regulatory filing has already increased the market feeling in the global base of Pi. On informal trading signals, there is a 10-percent upsurge in PI-related price speculation with users presiding over the network to eventually swing to the open markets. Analysts observe that the extent of user base and operational barter economy by Pi would assist to stabilize in case of liquidity once trading commences and such a token would have a distinct foundation as opposed to the traditional pre-listing assets.

Milestones of the Project

MiCA oversight would enable the token to gain legal status within the entire EU and offer the predictability of institutional and retail involvement in the long term. The regulatory review and exchange decision-making will determine the direction of Pi Network in the next several weeks that will shape its future.