OKX’s Pi Holders Share Concerns on Social Media
Users of the Pi Network are having difficulty withdrawing their tokens due to the sudden transaction suspensions by major exchanges such as Bitget and OKX. The coin launch, which was intended to be a significant advancement for Pi, turned out to be frustrating, leaving holders anxious and needing clarification.
Many have expressed frustration over their locked Pi tokens on social media. According to a Reddit user who claimed to put 1,500 Pi into Bitget, he could not withdraw.
Others have reported similar delays of more than 24 hours. It is still unclear when withdrawals will be possible again, even though a user who called the customer support line was instructed to submit their ID and email for verification.
Bitget responded in a generic statement, saying the exchange would complete their request within 24 to 48 hours. Another Reddit user believed the Pi team requested that Bitget halt deposits and withdrawals in specific regions.
When Pi was first launched, withdrawals on OKX were locked. Some have even referred to the situation as a scam, saying that insiders sold off their tokens while exchanges restricted retail investors from selling their holdings.
Users are at a loss because crypto exchanges have not openly addressed this problem. The Pi Team’s silence and the unclear responses from exchanges have left individuals feeling confused and uncertain.
New OKX Users Can Trade Commission-free And Receive Token Awards
Despite the inability of Pi holders to cash out their holdings, OKX has launched a new program that offers commission-free trading and token awards for new users to attract new investors. In addition to receiving a 100% discount on their initial five trades (resulting in up to $50 in fees), new customers joining OKX and fulfilling specific tasks will qualify for rewards of up to $75.
The incentives aim to facilitate beginners’ entry into cryptocurrency trading. To benefit from the promotion, users must register on the promotional page, exchange at least $10,000, and receive 725 PlatOn tokens and a maximum of 25 MAJOR tokens.
When these conditions are satisfied, getting into the market is simpler since participants earn a token reward and can trade commission-free. A noteworthy incentive that could lower early trading costs and improve the overall trading experience is the promotion’s 100% commission cut for the first five deals.
Implications And Prospects for The Market
The cryptocurrency exchanges implemented these incentives to attract more interest from retail investors. OKX is establishing itself as a platform of choice for new traders by offering instant cash benefits and canceling commissions to lower entry costs.
This action will result in more retail investors entering the cryptocurrency market, increasing trading volumes.
OKX President Hong Shares Thoughts on the Platform’s Global Expansion
In an exclusive interview at the Consensus Hong Kong 2025 conference, OKX President Hong Fang discussed OKX’s innovative role in Dubai’s retail and institutional sectors and shared her thoughts on the Asian cryptocurrency landscape.
She also detailed the crypto firm’s intentions for international expansion, reaffirming her strong trust in the industry’s long-term sustainability. She stated that OKX is the first and perhaps the only crypto exchange in Dubai to simultaneously offer derivative trading services to retail and institutional users.
It’s worth noting that OKX’s Australian subsidiary can function legally and offer services to customers, providing complete, compliant, and dependable products to its institutional users. Globally, the behavior patterns of cryptocurrency users differ by region.
For instance, the Asian market notes comparatively higher levels of trading activity than other regions. However, many retail consumers in the region prefer long-term trading opportunities.
In addition, they prefer to hold Layer-1 assets like Bitcoin and Ethereum over the long term. Furthermore, data shows they are strongly interested in yield products, including on-chain yields.
Fang also revealed that the adoption of the exchange’s self-custody wallet continues to grow very fast.
