Kraken Launches Pi Network Perpetual Futures with 20x Leverage for U.S. Traders

Kraken has made a significant move in the cryptocurrency derivatives market by introducing perpetual futures contracts for Pi Network’s PI token. This marks the first major exchange listing for PI, offering traders leveraged positions of up to 20x on Kraken Pro. The platform supports over 360 markets and more than 40 collateral options, providing flexibility for traders. Despite this milestone, PI’s price experienced a 3.5% decline to $0.7821, reflecting market concerns about the asset’s volatility and centralization risks. This development highlights Kraken’s commitment to expanding its offerings while underscoring the challenges faced by emerging digital assets in gaining widespread market confidence.

Pi Network Debuts Perpetual Futures on Kraken with 20x Leverage for U.S. Traders

Kraken has introduced perpetual futures contracts for Pi Network’s PI token, marking its first major exchange listing. The offering allows traders to take Leveraged positions of up to 20x on Kraken Pro, with support for 360+ markets and 40+ collateral options. Despite the milestone, PI’s price dipped 3.5% to $0.7821, underscoring market concerns about the asset’s volatility and centralization risks.

The launch significantly expands U.S. traders’ access to PI derivatives, though the muted price reaction suggests cautious market sentiment. Kraken’s MOVE follows growing institutional interest in altcoin derivatives products amid crypto’s broader derivatives trading volume surge.

Kraken Launches Tokenized US Stocks on Solana via xStocks Initiative

Kraken, in partnership with Backed, has unveiled xStocks—a platform offering tokenized versions of US equities on the solana blockchain. The service will operate 24/7 in select non-US markets, enabling trading, transfers, and use as DeFi collateral. This move capitalizes on growing demand for borderless financial infrastructure amid a perceived regulatory thaw under the current US administration.

The launch signals a strategic incursion into traditional finance’s domain, with Kraken positioning itself at the intersection of Wall Street and decentralized ecosystems. Solana’s high-throughput blockchain was deliberately chosen to support the anticipated trading volume and composability requirements.