Kraken has rolled out perpetual futures for Pi Network’s PI token, allowing traders to take leveraged positions of up to 20x. The launch introduces a new way to engage with PI, yet the token’s price has slipped 3.5% in the past 24 hours, currently trading at $0.7821.
The trading product is available through Kraken Pro and supports more than 360 markets. Users can choose from over 40 collateral types to manage risk and exposure. These futures don’t expire; traders can sustain their holdings by paying funding fees.
Even with the extra uses and attention, PI’s prices are still struggling. Because the token is not yet available on popular exchanges like Binance or Coinbase, some wonder how widely it will be used. While some believe this move is a positive, others are still hesitant due to concerns about volatility and flaws within the crypto industry.
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Growing Centralization and Data Privacy Concerns Shadow PI’s Market Push
Increased exposure has also drawn renewed scrutiny over the network’s centralization. Reports confirm that nearly 60 percent of PI’s total supply remains under the control of the Pi Core Team. This concentration has led to investors and analysts criticizing the network’s decentralized claims.
Dr. Altcoin believes that the team around Pi does not give enough open information about how user data is gathered and handled. He pointed out that having that data could leave it open to being used for training AI systems, stealing someone’s identity, or finding out someone’s location.
While concerns remain, the Pi Network has pushed ahead with ecosystem improvements. Five additional community applications are now part of the Mainnet Ecosystem Interface. Also, making account recovery easier was added to improve how people use the platform.
Lately, the community has been discussing OKX’s transfer of 102 million PI. These steps fuel discussions about how the company works and what lies ahead.
Leveraged trading is now available with Kraken’s PI futures; however, significant changes in the market and centralization have raised some doubts. Now, people are asking the Pi Core Team for greater information and to work more transparently.
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