Kraken Pioneers Pi Network Derivatives with 20× Leverage Perpetual Futures

In a significant move for the cryptocurrency derivatives market, Kraken Pro has launched perpetual futures contracts for Pi Network’s native token (PI), marking its debut on a major trading platform. This development allows traders to leverage positions up to 20× with over 40 collateral options across Kraken’s 360+ markets. Notably, Pi Network becomes the first top altcoin without Binance or Coinbase spot listings to gain tier-one derivatives access, signaling growing institutional interest in emerging Layer 1 projects. The listing underscores Kraken’s strategy to identify high-potential assets early while providing traders with sophisticated tools to capitalize on Pi’s volatile price action. As of May 2025, this derivatives launch could catalyze liquidity for PI ahead of potential spot listings on other exchanges.

Kraken Launches Perpetual Futures for Pi Network, Signaling Derivatives Market Debut

Kraken Pro has introduced perpetual futures contracts for Pi Network’s native token, marking Pi Coin’s first appearance on a major derivatives platform. Traders can now leverage positions up to 20× using 40+ collateral options across Kraken’s 360+ markets.

The listing is notable as PI becomes the only top altcoin without Binance or Coinbase spot listings to secure tier-one derivatives access. The contracts track Pi’s price in real-time with continuous P&L settlement, offering both long and short exposure.

Kraken Launches xStocks with Solana for Tokenized Equities

Kraken, in collaboration with Backed and solana Foundation, has introduced xStocks, a groundbreaking service offering tokenized U.S. equities and ETFs on the blockchain. This initiative marks a significant stride in bridging traditional finance with decentralized finance (DeFi).

Solana’s high-speed, low-cost infrastructure has been selected as the backbone for this global rollout, underscoring its growing influence in the institutional crypto space. The tokenized assets, compliant with Solana’s SPL standard, will initially be accessible to eligible users in select non-U.S. markets through the Kraken app.

The MOVE signals accelerating institutional adoption of blockchain technology for traditional financial instruments. By leveraging Solana’s efficiency, Kraken positions itself at the forefront of the tokenized securities revolution.