India’s First Crypto-INR Perpetual Futures Exchange Launched
Nischal Shetty and Avinash Shekhar, prominent figures in India’s crypto industry, have unveiled Pi42, the country’s first Crypto-INR perpetual futures exchange. The platform aims to become the largest compliant crypto futures platform globally and targets the 30+ million Indian crypto investors within the next few years.
Addressing Challenges for Indian Investors
Pi42 acknowledges that Indian investors face limited opportunities for participating in crypto derivatives trading. Additionally, there are currently no exchanges offering derivatives trading to Indian investors in INR. Pi42 aims to overcome these challenges by providing a solution that offers a range of derivatives while ensuring compliance, tax efficiency, and convenience.
Nischal Shetty, Co-founder of Pi42, stated that their objective is to provide Indian investors with a convenient and modern crypto futures trading opportunity to help them achieve their financial goals.
Empowering Indian Investors
Avinash Shekhar, Co-founder of Pi42, highlighted the limited opportunities for exploring innovations in crypto such as futures trading within India. He expressed the company’s goal to revitalize the industry for modern-day investors by offering tax-efficient and regulatory-compliant trading options. Pi42 aspires to become India’s largest and preferred crypto futures trading platform within the next 12 months.
User-Friendly Features and Expansion Plans
Pi42 allows users to seamlessly initiate crypto futures trading through its Android app and website, with an iOS app launch coming soon. The exchange has already secured banking partners to ensure fast and secure transactions. Key features include seamless INR trading, perpetual futures contracts, and advanced tools like margin trading and stop-loss orders.
Hot Take: Revolutionizing Crypto Futures Trading in India
Pi42’s launch marks a significant step towards revolutionizing crypto futures trading in India. By addressing the challenges faced by Indian investors and providing a compliant and user-friendly platform, Pi42 aims to empower individuals to explore the potential of alternative assets and redefine their financial freedom. With its innovative features and plans for expansion, Pi42 has the potential to become the go-to platform for Indian investors seeking a convenient and efficient way to trade crypto derivatives.
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