Kraken Pro Has Announced Perpetual Futures Trading

Kraken Pro has announced perpetual futures trading for the Pi Network's native token

Kraken Pro, the renowned cryptocurrency exchange, has reportedly begun offering perpetual futures trading for Pi Network's (PI) native token. The new listing permits traders to engage in perpetual futures trading of PI coin with maximum leverage of 20x, presenting a unique opportunity for leveraged trading of the token.

The introduction of leverage listing allows users in the USA to trade perpetuals futures of PI coin effortlessly, as Kraken Pro supports over 360 markets and provides 40+ collateral options, granting users vast flexibility in managing their positions and trading strategies.

Earlier this year, in February 2025, Gate.io, another major cryptocurrency exchange, commenced trading of Pi Network's token (PI) through both spot and perpetual contracts. The exchange also unveiled a USDT-margined PI perpetual contract with up to 50x leverage, expanding margin trading possibilities for traders.

At present, Pi Network (PI) holds the 26th rank among cryptocurrencies, with a market price of $0.7647, showing a 6.30% decrease in the last 24 hours. The project boasts a market capitalisation of $5.52 billion, a stable growth rate of 5.48%, and a 24-hour trading volume of $246.91 million.

The introduction of PI futures trading by Kraken Pro comes amidst recent buzz surrounding Pi Network and its testnet launch. However, despite the hype, the project has also faced criticism and skepticism regarding its valuation and the potential for a rug pull.

As the cryptocurrency market continues to evolve rapidly, the launch of perpetual futures trading for Pi Network's token marks a significant development, offering traders new avenues for participation and potentially amplifying both gains and losses.