- Kraken plans to list PI as Pi Network advances recent protocol upgrades and moves closer to its March 12 upgrade deadline.
- PI is already listed on OKX, Bitget, HTX, and BitMart, while token unlocks beginning March 12 could increase near-term supply.
Kraken has moved toward listing Pi Network’s token as it advances through a series of protocol upgrades completed in recent weeks. The exchange update and network changes have kept PI among the few altcoins that posted gains during a broader market pullback.
Kraken has strengthened its business through fresh funding, steady revenue growth, and continued profitability as it targets a 2026 IPO. CNF reported that the exchange has also expanded its product line and clientele through acquisitions.
Kraken’s upcoming listing places the exchange alongside other trading platforms that already offer PI, including OKX, Bitget, HTX, and BitMart. However, PI has yet to be listed on some of the largest global exchanges, such as Binance and Coinbase. That gap has kept speculation active, especially as the Pi Network community prepares for Pi Day.
Coming soon: $PI@PiCoreTeam Pi Network is a mobile-first Layer-1 blockchain and developer platform enabling accessible crypto mining via smartphone, with a utility-based ecosystem on an identity-verified mainnet.
Trading starts March 13
Get ready → https://t.co/47fNCUnRqD pic.twitter.com/nPmrRElAPW
— Kraken Listings (@krakenlistings) March 12, 2026
Following the listing news, PI is trading at $0.2383 at the time of writing, rising 3.82% over the past 24 hours, showing renewed short-term buying interest. Its 24-hour trading volume stood near $49.89 million, while market capitalization reached $2.3 billion.
Pi Network’s Upgrade Deadline Draws Closer
The timing of Kraken’s announcement comes just before two closely watched milestones. Pi Network completed the v19.6 migration on February 21 and rolled out v19.9 on March 4.
Earlier this month, CNF noted that Pi Network’s v20.2 upgrade was targeted for March 14. However, the team later moved the deadline forward to March 12. Therefore, Pi Day continues to fuel expectations for new ecosystem updates, community campaigns, and possible exchange-related news.
Traders are now watching the $0.24 price level as the next near-term barrier. Market observers noted that a move above that range could open room for a further rally if buying pressure continues into Pi Day.
Even so, trading conditions remain sensitive, especially as token unlocks could increase near-term supply. More than 13.5 million PI tokens are scheduled for release over three consecutive days starting March 12, with the number expected to reach 17 million on March 17.
While the new supply could shape price movements, it’s expected to be quickly absorbed. As CNF has reported, token unlocks have become more common and do not have as big an influence on the price as they once did. This week, over $4.5 billion in new token supply is expected to hit the market, as we reported on Monday.
Additionally, PiScan recorded more than 3 million tokens moving to centralized exchanges in 24 hours, confirming short-term profit-taking after the latest rally.
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