Kraken Pro has officially launched perpetual futures trading for Pi Network’s native token (PI), allowing traders to take long or short positions with leverage of up to 20x.
The listing, announced on May 23, marks the first time PI has become available on a major derivatives platform.
The new product gives market participants a way to speculate on PI’s price without directly holding the token, using over 40 collateral options and accessing over 360 markets through Kraken Pro’s infrastructure.
Despite the milestone listing, PI’s market price has shown little upward movement, reflecting persistent skepticism around the project’s decentralization, liquidity, and mainnet development status.
The futures offering may increase speculative interest, but investor sentiment remains cautious for now.
Kraken notes that geo-restrictions apply, meaning access to this product may vary depending on users’ locations.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/kraken-officially-lists-pi-network-perpetual-futures-with-up-to-20x-leverage/