What's the real reason Pi Wallet's 'Exchanges' button is disabled?

Personally, I think that the 'Exchanges' button is not just a function for linking to exchanges, but also has the possibility of being activated "when the Pi Wallet balance is displayed as the actual price (value)."
Currently, Pi Wallet only displays the amount of Pi held, and does not display the amount converted to fiat currency (USD, etc.) or market value.
On the other hand, most wallets that support Bitcoin or Ethereum provide the following information.
• Quantity on hand • Current market price • Total asset value • Exchange linkage function
If the Pi Wallet ecosystem is completed in the future and officially linked to the exchange,
• Pi quantity • Current reference price • Total asset value • Exchange deposit/withdrawal and purchase functions
There is a possibility that these may be connected into one system.
The fact that only the 'Exchanges' button is currently disabled may be a preparatory UI showing that this feature has not been activated yet.
However, the important thing to note is that "the Pi Core Team has not yet officially explained when and how the 'Exchanges' button is activated."
Therefore, the interpretation that “the Exchanges button will also be activated when the value of Pi is displayed in the wallet” may be a “reasonable inference” based on the current UI, but it is not yet an officially confirmed fact.
In the future, if the Pi ecosystem is completed and official linkage with exchanges is achieved, it is possible to fully expect that Wallet will develop beyond a simple storage wallet into a “digital financial wallet capable of real-time asset management and transactions.”
📌 Could the "Exchanges" Button Be Activated When Pi Wallet Starts Displaying Market Value?
In my opinion, the “Exchanges” button is likely more than just a shortcut to cryptocurrency exchanges. It may become active when the Pi Wallet begins displaying the real-time value of users' Pi holdings.
At present, the Pi Wallet only shows the number of Pi coins a user owns. It does not display their value in fiat currencies such as USD or calculate the total portfolio value.
By comparison, most Bitcoin and Ethereum wallets provide:• Coin balance • Current market price • Total portfolio value • Exchange integration
As the Pi ecosystem continues to mature and official exchange integration is introduced, the Pi Wallet could eventually display:
• Pi balance • Real-time market value • Total asset value • Exchange deposit, withdrawal, and purchase functions
as part of one unified financial interface.
The fact that the "Exchanges" button is currently disabled may indicate that these features are still under development and will be activated together in the future.
However, one important point should be emphasized:
The Pi Core Team has not officially explained the purpose of the "Exchanges" button or announced when it will become active.
Therefore, the idea that the button will be enabled when Pi Wallet begins displaying market value is a reasonable interpretation based on the current user interface, but it is not an officially confirmed feature.
If official exchange integration is introduced in the future, the Pi Wallet could evolve beyond a simple storage wallet into a comprehensive digital financial wallet capable of real-time asset management and seamless trading.