Pi42 Simplifies Bitcoin Futures Trading for Indian Traders with INR-based Model

Pi42 allows crypto futures trading directly in INR, as we discussed, which eliminates the need for stablecoins like USDT.

Kshitij Anand: Well, with Pi42 introducing an INR-based trading model, how does it aim to simplify Bitcoin futures trading for Indian traders compared to, let's say, a USDT-based platform, also known as Tether, which is a cryptocurrency pegged to the US dollar?

Kshitij Anand: Definitely, and it is a great initiative. I am sure investors are also taking advantage of it. We will dig deeper into this thought. Let me also get your view on another aspect: Pi42 allows crypto futures trading directly in INR, eliminating the need for stablecoins like USDT. What gaps in traditional crypto trading did you aim to bridge with this model?

Kshitij Anand: Let me also get your viewpoint on the taxation structure. Although you highlighted this in your first answer, let’s delve deeper because many investors want to understand how taxation works for traders. Could you explain the link between INR settlement and TDS and VDA (Virtual Digital Asset) tax for traders? Do you see this boosting market accessibility and adoption in the near future as well?

Kshitij Anand: At the beginning of this conversation, I was really fascinated by the name Pi42. I would love to understand how you coined this name and if there is an interesting story behind it.

Kshitij Anand: Well, let me come to Pi42, which offers high leverage options... definitely, it scales to around 75 times. That’s the kind of leverage traders could get. So, what are some smart strategies for traders to manage volatility while trading Bitcoin futures on high leverage?

Kshitij Anand: Now, let me add another question: how do you ensure traders can leverage this while staying protected in a high-risk market?

Kshitij Anand: Okay, closing a position is not required in this one.

Kshitij Anand: Also, whenever there is a new product, there has to be a community as well, and the ecosystem has to grow. Has Pi42's referral program incentivized traders to build a strong Bitcoin Future trading ecosystem in India?

Kshitij Anand: Let me also get your viewpoint on evolving crypto regulations. Where does INR-settled Bitcoin Future trading stand in terms of compliance and trader safety?

Kshitij Anand: Let’s also look at the bigger picture. For the future, what upcoming features or expansions can traders expect from Pi42?

Kshitij Anand: I am sure that will add more depth and give more hands-on experience to the traders as well. They will be able to leverage more and do more with the trading system they have in place…