Pune: Crypto-INR Perpetual Futures Exchange Pi42 aims to raise awareness about crypto trading and investment among 150,000 citizens across Pune in FY25.
With the rising interest in cryptocurrency investments across the city, the company endeavors to educate new age investors about crypto derivatives trading, and the best practices that one can leverage for derivatives trading.
Additionally, Pi42 aims to onboard a significant portion of these users on its platform and achieve a transaction volume of half a billion dollar from Pune by the end FY25.
India is the largest crypto markets in the world, however Indian investors never really had an opportunity to participate in the crypto derivatives trading owing to the lack of any exchange that offered derivatives trading in INR. Pi42 aims to address all these challenges by offering Indian investors a solution that not only provides a range of derivatives but also ensures compliance, tax efficiency, and convenience.
The exchange has received registration from The Financial Intelligence Unit (FIU). The growth in customer base in Pune aligns with findings from Chainalysis’ 2023 Global Crypto Adoption Index, which positioned India as the global leader in grassroots crypto adoption. Furthermore, recent reports state that Pune has witnessed significant surge in crypto participation.
Commenting on the growth of crypto investors in Pune, Avinash Shekhar, Co-Founder and CEO, Pi42, “As crypto adoption surges in Pune, our aim is not only to facilitate transactions but also to empower investors with the tools and insights necessary to navigate this evolving market landscape effectively. By demystifying the complexities of crypto derivatives trading and highlighting the opportunities they present, Pi42 endeavours to foster a culture of informed decision-making among investors. Through educational initiatives and comprehensive resources, we seek to enable investors to harness the full potential of crypto derivatives, thereby contributing to the city's growing digital asset ecosystem while mitigating associated risks."