Kraken Launches Pi Network Token Perpetual Futures: 20x Leverage & Centralization Concerns

Kraken has launched Pi Network token perpetual futures, offering traders up to 20x leverage. This launch marks a significant step for the cryptocurrency exchange and introduces new opportunities but also sparks concerns about Pi’s transparency and decentralized nature. The move comes as the market reacts to increased institutional interest in the Pi Network token. Experts highlight the volatility following the listing, with price drops and trading volume declines, while acknowledging potential hedging opportunities using collateral options such as ETH and BTC.