Pi42 to push for crypto futuresPi42 to push for crypto futures

EP Bureau

Pi42, India’s first Crypto Perpetual Futures Exchange, has announced to educate about 100,000 citizens in Lucknow about crypto futures trading in the current financial year 2024-25.

On the back of rising interest in cryptocurrency investments, the company will engage with new age investors about crypto derivatives trading and the domain best practices.

Additionally, Pi42 aims to onboard users on its platform and achieve a transaction volume of $500 million from Lucknow by the end March 2025.

According to Pi42, India is among the largest crypto markets. However, Indian investors had little opportunity to participate in crypto derivatives owing to the lack of any exchange that offered derivatives trading in the Indian Rupee.

Pi42 will offer solutions to provide a range of derivatives and ensure compliance, tax efficiency, and convenience to investors.

The exchange has already received registration from The Financial Intelligence Unit (FIU), yet another key step in safeguarding the interest of the investors on its platform.

Pi42 offers an array of up to 55 live trading pairs wherein Doge, Shiba Inu and Matic are the most actively traded crypto pair among the investors.

It aims to grow as the largest compliant crypto futures platform in the world and boasts over 15,000+ active investors on its platform.

The growth in customer base in Lucknow aligns with findings from Chainalysis’ 2023 Global Crypto Adoption Index, which positioned India as the global leader in grassroots crypto adoption.

Furthermore, recent reports state that Lucknow stands out as a foremost non-metro city experiencing a rapid surge in crypto enthusiasts.

Avinash Shekhar, Co-Founder and CEO, Pi42 said as crypto adoption surges in Lucknow, Pi42 recognises the need to create awareness among investors about the potential benefits of crypto derivatives and equip them with the knowledge and best practices for trading in crypto futures.

“Our aim is not only to facilitate transactions but also to empower investors with the tools and insights necessary to navigate this evolving market landscape effectively. By demystifying the complexities of crypto derivatives trading and highlighting the opportunities they present, Pi42 endeavours to foster a culture of informed decision-making among investors,” he added.

Started by crypto industry veterans Nischal Shetty and Avinash Shekhar, Pi42 aims to work towards creating a crypto-empowered global ecosystem, where innovation and compliance can redefine financial freedom.

It offers investors a host of benefits such as seamless trading, perpetual futures contracts and better regulatory compliance among others. Currently, the platform is available for investors to trade on both the website and the Android app.

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