Kraken Lists Pi Network (PI) Perpetual Futures Contracts With Up to 20x Leverage

Kraken Pro has officially launched perpetual futures trading for Pi Network’s native token (PI), allowing traders to take long or short positions

Kraken, the cryptocurrency exchange, has officially launched perpetual futures trading for Pi Network's native token (PI), offering traders the opportunity to open long or short positions with leverage of up to 20x.

This listing, announced on Monday, marks the first time PI has become available on a major derivatives platform. The new product provides market participants with a way to speculate on PI's price without needing to personally hold the token, with traders able to choose from over 40 collateral options and access over 360 markets using Kraken Pro's infrastructure.

However, despite this integration, PI's market price has shown minimal change, remaining at around $0.166 on Tuesday morning. This reflects ongoing skepticism regarding the project's claims of decentralization and high levels of liquidity, as well as the pending mainnet launch.

This futures offering may lead to increased speculative interest in PI, but investor sentiment remains largely pessimistic.

Kraken adds that geo-restrictions apply to this product, and access may vary depending on users' locations.

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