After a month-long suspension, cryptocurrency exchange BitMart has resumed trading in Pi Coin (PI), which is considered a positive signal for the cryptocurrency. The resumption of trading indicates that BitMart is likely to receive official KYB (Know Your Business) approval soon, which could further boost investor confidence.
The move comes at a time when Pi Coin is struggling to reach the psychological $1 threshold again. The Pi Network team is actively working to stabilize the price of the token, including through purchases of PI on exchanges to reduce selling pressure. According to a cryptocurrency expert known as Dr. Altcoin, the team has reportedly used the sub-wallet to purchase more than 1 million PI tokens.
In other positive news, the HTX exchange has hinted at a possible nearby listing of Pi Coin, which could increase the liquidity and accessibility of this cryptocurrency.
The resumption of trading on BitMart and the potential expansion to other exchanges could boost investor confidence and support Pi Coin price growth.