Kraken Lists Pi Token with 20x Leverage

Kraken Pro lists Pi Network token with 20x leverage, despite privacy concerns.

Key Points:

Kraken lists Pi with 20x leverage, attracting interest.
Pi Network’s centralization and privacy remain debated.
Dr. Altcoin questions Pi’s data handling practices.

Pi Network’s token was listed on Kraken Pro on May 23, 2025, for perpetual futures trading, offering 20x leverage alongside over 40 collateral options.

The listing on Kraken suggests growing institutional interest in Pi Network despite previous skepticism from major exchanges.

Kraken launched Pi Network’s perpetual futures, allowing traders to use 20x leverage, a notable development since Pi lacks a Binance or Coinbase listing. This move offers access to over 360 markets without an expiration date.

Dr. Altcoin, a key Pi Network supporter, raised concerns over the network’s centralization and data collection, questioning the transparency of the Core Team. The listing drew attention to these issues amid market expansion efforts.

“I have serious concerns about the network’s centralization and data privacy practices, particularly regarding the transparency of the Pi Core Team in their data collection.”

The debut on Kraken provides Pi Network with greater market exposure, making it a pioneer on a tier-one derivatives platform. However, Pi Coin’s price fell to approximately $0.76-$0.78, showcasing market uncertainty.

Dr. Altcoin criticized Pi Network’s data practices amid its growth phase. These issues highlight ongoing debates about the project’s transparency and user privacy.

The listing may prompt further scrutiny of Pi Network by regulators. It also poses potential impacts on token distribution and network security. Many expect this to influence Pi Network’s future trajectory.