Gate News: On March 24th, the Pi Network ecosystem achieved an important milestone. The Web3 wallet and DeFi gateway Coixa have applied for KYB (Know Your Business) certification and are currently under review by the Pi core team. This certification will enable Coixa to operate more compliantly within the Pi ecosystem and provide users with services such as trading, token listing, and staking. Since its launch at the end of 2025, Coixa has supported full DeFi functionalities, including dApp interactions and wallet operations, and is now poised to become an officially recognized platform.
KYB certification is of critical importance within the Pi Network, aiming to enhance trust and compliance structures. Currently, only a few platforms have received this certification. If approved, Coixa will expand the services available to Pi users and mark a shift from token accumulation to practical application within the ecosystem. The Pi Testnet Launchpad recently updated its requirements, mandating that projects must provide operational applications before token issuance, eliminating the “issue first, develop later” model, and promoting a more sustainable ecosystem.
As a platform with an existing usable wallet and DeFi features, Coixa aligns with Pi Network’s new development direction and stands to benefit. Meanwhile, recent community concerns about large-scale wallet transactions have been clarified by the development team, who stated that these transactions were solely for stress testing, unrelated to mainnet balances, and did not involve actual token circulation. These transactions have now been removed.
Currently, Coixa’s KYB application is still under review, with no fixed approval timeline. However, this indicates that more platforms are preparing for practical applications on Pi. Pi Network is also advancing from Launchpad updates toward actual wallet development, aiming to turn promises into products. If Coixa is approved, it will accelerate the ecosystem’s transition from hype to practical use, providing users with more operational services and trading experiences.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
