Kraken Launches 20x Leverage Perpetual Futures for Pi Network’s PI Token

Kraken has introduced perpetual futures contracts for Pi Network’s PI token, offering traders up to 20x leverage. Despite the new listing, PI’s price experienced a 5.33% drop to $0.77. This development comes amid ongoing discussions about the project’s decentralization.

Pi Network Token Debuts on Kraken with 20x Leverage Perpetual Futures

Kraken has launched perpetual futures contracts for PI Network’s PI token, marking its first major derivatives listing. Traders can now speculate on PI’s price with up to 20x leverage, though the token’s value dipped 5.33% to $0.77 following the announcement.

The offering provides exposure to PI’s price movements without direct asset ownership, arriving amid persistent questions about the project’s decentralization and market traction. Notably absent from top spot exchanges like Binance and Coinbase, PI’s derivatives debut nonetheless signals growing institutional interest in the controversial asset.

Kraken Advances TradFi-Crypto Integration Amid Stablecoin Expansion

Kraken’s latest move to bridge traditional finance and cryptocurrency underscores the accelerating institutional adoption of digital assets. The exchange’s positioning aligns with growing consensus around stablecoins’ product-market fit, particularly as US legislative frameworks take shape.

Banking consortiums are now actively exploring joint stablecoin issuance, signaling a paradigm shift where crypto-native innovations drive financial market evolution. "This demonstrates crypto’s maturation from niche asset to Core infrastructure," noted Mercuryo’s Greg Waisman.

Tokenized money market funds like BlackRock’s BUIDL are gaining traction, effectively functioning as yield-bearing stablecoins. The trend highlights institutional demand for blockchain-based solutions that combine crypto’s efficiency with traditional finance’s yield mechanisms.