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Pi42: A New Frontier in Crypto Futures Trading

In a significant development within the Indian cryptocurrency landscape, Nischal Shetty, the founder of WazirX, and Avinash Shekhar, the former CEO of Zebpay, have collaborated. They introduce Pi42, a pioneering crypto-INR perpetual futures exchange. This innovative platform aims to revolutionize the way Indian investors engage in derivatives trading. It navigates the complexities of the regulatory environment.

A symbol of innovation and empowerment in crypto futures trading.
Source: Coinbackyard

Pi42: Bridging the Gap in Crypto Derivatives Trading

Pi42 represents a landmark initiative designed to empower Indian crypto enthusiasts with seamless access to derivative trading opportunities denominated in the local currency, the Indian rupee (INR). Historically, Indian investors have predominantly relied on international exchanges for derivative trading. However, the emergence of Pi42 heralds a new era of accessibility and convenience for Indian traders seeking exposure to crypto derivatives.

Transactional Features Empowering Indian Investors

One of the distinguishing features of Pi42 is its commitment to facilitating a seamless trading experience. It ensures compliance with regulatory frameworks. The platform offers investors the flexibility to trade with leverage of up to 20 times their holdings. There are no expiry dates on contracts. This enables traders to manage risk effectively and optimize their profit potential through features like margin trading and stop-loss orders.

Furthermore, Pi42 has prioritized regulatory compliance by applying for registration with the Financial Intelligence Unit of the Indian government. This move adheres to the Prevention of Money Laundering guidelines. By fostering a regulatory-compliant environment, Pi42 aims to instill confidence and trust among investors. It also promotes the responsible growth of the crypto derivatives market in India.

Expanding Reach and Driving Adoption

Pi42 is poised to leverage its partnership with banking institutions to facilitate seamless transactions. It aims to eliminate the need for conversion fees and TDS (Tax Deducted at Source) on crypto transactions exceeding INR 10,000. With a focus on user-centricity, Pi42 plans to launch both Android and iOS applications. These will cater to the diverse needs of its growing user base.

The platform’s ambitious growth strategy includes plans to expand its reach globally. It targets the existing pool of over 30 million Indian crypto investors over the next two to three years. By offering a diverse range of tokens, including Bitcoin, Ether, Solana, MATIC, and XRP, Pi42 aims to cater to the evolving preferences of crypto traders. This fosters financial inclusivity and empowerment.

Navigating the Regulatory Landscape

Despite the evolving regulatory landscape surrounding cryptocurrency in India, Pi42 remains committed to driving innovation and fostering financial freedom for its users. By prioritizing compliance and regulatory adherence, Pi42 aims to set a precedent for responsible and sustainable growth within the crypto derivatives market.

Looking Ahead: A Vision for the Future

As Pi42 embarks on its journey to redefine the crypto futures trading landscape in India, the platform remains steadfast in its commitment to excellence, transparency, and user-centric innovation. With a clear vision and a robust regulatory framework in place, Pi42 aims to emerge as India’s premier crypto futures trading platform. It empowers millions of investors to participate in the burgeoning crypto economy. The platform adheres to the highest standards of integrity and compliance.


In conclusion, Pi42 represents a transformative milestone in the Indian cryptocurrency ecosystem. It bridges the gap between traditional finance and the digital economy. With its innovative features and commitment to regulatory compliance, Pi42 is poised to shape the future of crypto derivatives trading in India and beyond. The platform’s focus on user empowerment further strengthens its position in the market.

February 8, 2024 at 1:00 pm

Updated February 8, 2024 at 1:00 pm


Remember, investing in cryptocurrencies involves risks, and it’s important to conduct thorough research and seek professional advice before making any financial decisions. (Please keep in mind that this post is solely for informative purposes and should not be construed as financial or investment advice.)


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