Pi Surprise
Huobi has announced the opening of Pi Token for spot trading with USDT on its platform as of December 29.
Effects of the announcement
The Pi token mined from mobile is so easy to mint that, till now, no one has considered it valuable. But Huobi's announcement has created a stir in the crypto world.
Impact on small platforms
Small platforms have taken Huobi's announcement as a model to follow; for example, XT.com has also announced the same announcement on its platform.
Impact on Big platforms
It is being claimed that Binance will issue the Pi token on its platform in February 2023. Although Binance has not made any announcements, BSC News has raised doubts by releasing this announcement from Huobi.
Debate Begins
Huobi is a large exchange in the world; it is also responsible for the national token of the Commonwealth of Dominica, so it has a lot of power but also a lot of responsibility.
This announcement by Huobi has started a debate about Pi Token in the crypto world. Pi Token supporters are calling it the right move, and detractors are holding Huobi responsible for calling it fake crypto.