Pi Network is back in action with an 80% surge and is currently trading at $0.7556

The crypto market is gradually waking up to the potential of Pi Network. What began as a mobile-first mining experiment has now taken a serious step forward, with its native token, Pi Coin (PI), entering the world of futures trading.

Crypto traders can now trade futures contracts for Pi Network’s (PI) token on Bitunix, a global crypto derivatives platform.

This marks the first major move by a centralized exchange towards offering products for the popular mobile mining project, which is currently operating in a closed Mainnet phase.

What Is Happening?

The listing on Bitunix opens up new possibilities for traders who want to gain exposure to Pi before it becomes more widely available for spot trading and withdrawal.

Registered users on Bitunix can now go long or short on Pi futures, adding a speculative angle to a token that, until now, existed largely in its own closed ecosystem.

Typically, futures trading serves as a precursor to wider market adoption, as it creates liquidity, draws attention from traders, and sets the stage for potential exchange listings later on.

While there’s no official confirmation from the Pi Network itself, Bitunix’s decision to offer futures on Pi speaks to the growing demand and anticipation for the token in the wider crypto space.

This development comes as Pi Network continues to expand its ecosystem and prepare for the Open Mainnet launch, which is expected to connect it more closely with the broader DeFi and Web3 sectors.

Recently, Pi integrated Chainlink oracles to ensure compatibility with Ethereum-based payments like USDT and USDC, and there’s also increasing momentum around dApps being built within its ecosystem, setting the stage for real-world utility once the Open Mainnet goes live.

Where Can You Trade Pi Futures?

You can trade Pi futures on Bitunix, a global crypto derivatives platform offering futures and options contracts for various cryptocurrencies.

The exchange is registered in the Seychelles and provides traders with advanced trading tools, competitive fees, and 24/7 customer support.

It’s important to note that no physical Pi tokens are being exchanged in this setup, and traders are advised to approach it with proper research, as futures markets can be volatile.

This listing also stands in contrast to reports of a purported Pi listing on Binance, which appears to be a scam.

With the Open Mainnet launch still pending and the market showing keen interest in Pi, it remains to be seen what the next stage of development will hold for the project.

The post Pi Network (PI) Futures Now Live On Bitunix As Token Enters New Stage appeared first on Benzinga.

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