The post An Interview With Pi42 – BitcoinWorld appeared on BitcoinEthereumNews.com.

In an exclusive interview with BitcoinWorld, we got the chance to speak with Avinash Shekhar, CoFounder & CEO, Pi42    Pi42 has rapidly become a major player in India’s crypto landscape with its Crypto-INR perpetual futures. What inspired the creation of Pi42, and what do you believe sets it apart from other crypto exchanges in India and globally? Indian investors wanted a solution that not only provides a range of derivatives but also ensures compliance, tax efficiency, and a user-friendly experience within the domestic context. India lacked a comprehensive platform that allowed users to trade with both tax-saving benefits and in their local currency (INR) as well as crypto futures. Previously, traders were limited to using USDT for transactions. Pi42 is the first platform in India to provide this flexibility, enabling users to trade in INR. We identified a significant opportunity in the market due to this gap, especially considering the dissatisfaction among Indian traders with the heavy taxes imposed on crypto transactions. With over 50,000 users and crossing INR 100 crore in daily trading volume, Pi42 has achieved impressive growth. What key factors do you attribute to this rapid expansion, and how do you plan to sustain this growth trajectory? Focus on educating users on crypto, coffee catchups in tier 2 – tier 3 cities Right practices to enter crypto and educating Indians in crypto market/ futures We currently have a growing community of 50,000 users on our platform. While we’ve hit significant milestones, including trading volumes of ₹100 crore on multiple occasions, it’s important to note that these achievements are also driven by favorable market conditions and the user-friendly experience we offer, allowing seamless trading in domestic currency. Our primary focus has always been on empowering Indian users with the knowledge and tools for compliant and responsible crypto futures…

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Filed under: News - @ November 8, 2024 11:19 am