Key Points
- PI futures are available on Kraken Pro with up to 20x leverage.
- On May 23, PI has a market cap close to $5,7 billion.
On May 23, Kraken crypto exchange announced the launch of futures contracts for Pi Network (PI).
Pi Network was launched in 2019, and the project allows users known as Pioneers to mine PI coin via their mobile devices. PI uses a consensus algorithm adapted from the Stellar Consensus Protocol (SCP) that enables the mining process without consuming too much energy or significant hardware resources.
The Pi Network launched its Open Network on February 20, 2025, marking an important milestone for the project and Pioneers.
Kraken Pro Launches PI Futures
In an official announcement via X, Kraken Pro revealed that PI perpetual futures are now live with up to 20x leverage.
Users can find over 40 collateral options on the exchange in over 360 markets.
$PI @PiCoreTeam perpetual futures now live with up to 20x leverage 🔥
Why choose Kraken Pro futures:
☑️ 40+ collateral options
☑️ 360+ marketsOpen PI perp 👇 https://t.co/NHHpKobugb
*geo restrictions apply pic.twitter.com/aiJrJRbxW4
— Kraken Pro (@krakenpro) May 23, 2025
Since Kraken’s announcement, PI recorded a slight price surge.
» TRADE PI ON KRAKEN «
PI Price Trajectory on May 23
Ahead of Kraken‘s announcement, PI was trading at $0.7865, with a market cap of $5,686 billion, and it surged to $0.7893, reaching a market cap of over $5,7 billion.
At the moment of writing this article, PI is trading at $0.7889, having a market cap of approximately $5,7 billion.
Today, May 23, PI recorded intense price volatility, dropping from a top above $0.82 to approximately $0.78, before climbing back to current price levels.
The 24-hour volume of PI is above $209 million.
