Kraken Launches Perpetual Futures for Pi Network's Native Token, PI

This listing allows market participants to trade the token without directly owning it.

Kraken has launched perpetual futures contracts for Pi Network’s native token, PI, marking a major step into the derivatives market. The listing on Kraken Pro grants market participants the ability to trade the token without needing to hold it directly.

This move provides new strategic options for engaging with Pi Network, especially considering that PI is not yet listed on top-tier spot crypto exchanges like Binance or Coinbase.

Kraken Pro Adds 20x Leverage and Derivative Access to Pi Network

Kraken Pro now offers perpetual futures with up to 20x leverage for engaging with price movements of PI, which is currently trading at around $1.3. The futures contracts have no expiration and settle based on ongoing market activity, offering over 40 collateral options for traders’ convenience.

This setup enables users to apply both long and short strategies depending on their expectations for the token’s performance. Moreover, traders can access this instrument as part of Kraken’s broader offering of 360 markets, providing good flexibility for portfolio construction.

This inclusion helps bridge the gap for those unable to trade PI on spot platforms. At the same time, perpetual futures provide an alternative method to express their outlook on the token.

The feature arrives as Pi Network faces struggles with volatility and a 10% price decline after touching $1.57, performing poorly during a broader market upswing.

However, the new futures listing introduces leverage, which may serve to intensify both upward and downward price movements. This mechanism could magnify gains and losses, rendering short-term sentiment shifts even more impactful.

Concerns remain around the project’s decentralization, with its core team still holding 60% of Pi Network’s token supply and a heavy concentration of node operators in Vietnam.

Additionally, regulatory pressures in the region may continue to impact perception and performance.

With live derivatives, bearish participants can now open short positions, potentially applying more downside momentum to Pi Network.

This move could lead to increased volatility in the short term as price swings may trigger liquidations on either side, leading to sudden surges or crashes.

Furthermore, the futures listing could attract additional liquidity and interest to the network.

Despite lacking spot listings on major exchanges, Pi Network now gains broader market visibility through this derivative offering.

While Kraken’s move provides more trading options, uncertainty remains due to PI’s weak spot price performance and centralization issues.

However, the futures listing still introduces significant liquidity into the Pi Network ecosystem.

This increased activity could serve to stabilize price fluctuations and improve market depth over time.

Monitoring open interest and funding rates on PI contracts will be essential for tracking directional sentiment and potential tipping points in the short term.

Overall, Kraken’s support may shape a new phase for Pi Network in the digital asset market.