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FIU-IND Registered VASP — REID: VA00045558

India's LeadingCrypto F&O Exchange

Trade Bitcoin, Ethereum & Solana with INR pairs. Futures & Options with upto 75x leverage, No 1% TDS.

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  • 6B+

    Total Volume (USD)

  • FIU

    Registered

  • 550+

    INR & USDT Pairs

  • 24/7

    Support

  • Google

    Rating
Core Features

Built for Speed, Scale & Success

Trade BTC, ETH & more with up to 75x leverage, INR-native, secure, and built for Indian & institutional traders

Speed and Performance

Speed & Performance

Speed &
Performance

Execute trades in under 50ms with pro-grade speed across mobile and desktop platforms.

Speed and Performance

INR-Margined Contracts

INR-Margined
Contracts

Avoid conversion losses and complex tax liabilities with direct INR settlement.

INR First Experience
Leverage

Advanced Trading Tools

Advanced
Trading Tools

Trade futures and options with 75x leverage, Greeks, and strategy tools built-in.

Leverage

Smart Risk Management

Smart Risk
Management

Set TP/SL easily and manage margin with built-in risk control features.

Leverage

Learning & Growth

Learning &
Growth

Get contextual trading education and risk tips without leaving the platform.

Leverage
Pitch decks
All hands
Investor update
Product roadmap
Research findings
Marketing strategy
  • Moneycontrol
  • Entrepreneur
  • Press Trust of India
  • YourStory
  • Gadgets 360
  • The Economic Times
Built for the Bold

Trade Crypto Futures & Options in 4 Steps

Get Started Today, Fast, Simple & Built for Every Trader

Step 1

Create your account

Sign up with Email or Google

Step 2

Fill in your KYC

Verify your KYC in under 2 mins

Step 3

Add Funds

Link bank & transfer INR instantly

Step 4

Trade

Take positions & start trading right away

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Precision Trading for Every Market Condition

Experience India’s most intuitive and powerful crypto derivatives trading platform

Futures Trading

Fast execution, transparent book, flexible margin, and smart risk control

Platform Preview

Options Chain

Monitor contracts in real-time with Delta, Vega, Theta, IV, and mark prices

Platform Preview
ANYTIME. ANYWHERE

Download App,

Trade On The Go!

We offer futures & options on Bitcoin, Ethereum & Solana

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Trusted by top traders

Real Feedback. Real Impact.

Pi42 is for everyone, a secure, INR-native crypto derivatives platform users love.

It's the best crypto exchange available in india for trading.

S

Sai Khan

Impressed with the lightning-fast withdrawals! My funds hit my account within minutes, making trading on this platform seamless and stress-free.

H

Hardik Agrawal

Future trading ke liye bohot hi badiya application hai, user-friendly interface, fast execution aur secure platform. Naye aur experienced traders dono ke liye perfect!

P

Palak Setwani

I feel enthusiastic about utilizing this platform. It offers a seamless experience.

M

Maria Bigu

Bohot badiya customer support hai! Har query ka jawab turant milta hai, aur team kaafi helpful aur friendly hai. Crypto trading ka experience aur bhi smooth ho gaya.

R

Rahul Sahu

I'm really excited to use this platform. It provides a smooth user experience.

R

Rahul Singh

I’ve been using this platform for the past few months, and it has consistently delivered a smooth, fast, and reliable trading experience. The interface is intuitive, transactions are quick, and the overall process feels secure and hassle-free.

J

Janicia Lobo

Seamless experience! Deposits hit my account instantly, and withdrawals are just as fast. Finally, a crypto trading platform that values my time as much as my money.

A

Arvind Rajak

Pi42 is awesome, simple design, quick trades, perfect for crypto futures!

U

Upendra Kumar

What's New

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Invite friends: Earn 20% fees, they save 10%.

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    Invite friends with your referral link

  • Friends Save 10%

    They get a 10% fee discount for 2 months

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    Get 10% of their trading fees

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EDGE THAT MATTERS

Why Pi42 Exchange Wins

See how Pi42 beats global exchanges with INR-native access, compliance, and a secure, performance-driven trading suite for Indian users.

Feature
Pi42
Global Exchanges
INR On-Ramp (UPI/IMPS)
Yes
No
INR-Margined Trading
Yes
No
Options + Perpetual Futures
Yes
Partial
Indian Compliance & Tax Benefits
Yes
No
Mobile Experience
Yes
Partial

Frequently Asked Questions

Got some doubts? We're here to Answer

Is Trading on Pi42 legal?
Yes. Pi42 is an Indian exchange registered under FIU, a regulatory-compliant framework. Trading crypto derivatives is legal in India, and we at Pi42 ensure transparency, security, and adherence to Indian laws.
What is a Crypto-INR pair?
Crypto-INR is a trading pair enabling futures or options trading with the Indian rupee, eliminating the need for stablecoin on-ramps like USDT.
What are crypto derivatives?
Crypto derivatives are financial contracts like futures and options that let you trade on the price movement of cryptocurrencies without owning the actual coins. On Pi42, you can trade crypto-INR and crypto-USDT pairs with upto 75x leverage.
Can I buy crypto on Pi42?
No. Pi42 is not a spot exchange and does not allow direct buying or selling of crypto. Instead, Pi42 is a crypto derivatives platform where you trade futures or options contracts on crypto-INR and crypto-USDT pairs.
How is Pi42 different from other Indian crypto exchanges?
Unlike most Indian exchanges that focus on spot trading, Pi42 is India’s first crypto derivatives exchange:
- No 1% TDS, No 30% VDA tax (since you trade derivatives, not spot)
- Perpetual futures with up to 75x leverage
- Hedge positions, offset losses, and trade round the clock
- Built with a focus on security, compliance, and advanced trading features
How is Pi42 tax-efficient?
Trading Crypto-INR futures or options offer tax efficiency as it doesn't involve actual cryptocurrency or virtual digital asset transactions, reducing TDS and VDA taxes. Additionally, it enables the offsetting of losses, optimising tax savings.
Do I need to complete KYC to start trading?
Yes. As a regulated Indian platform, Pi42 requires KYC verification to keep trading safe and compliant. You'll need to submit basic documents like PAN, Aadhaar, and bank details to get started.
What’s the minimum amount required to trade on Pi42?
You can start trading on Pi42 with as little as ₹200, making it accessible for beginners while still offering advanced tools for professionals.
What is Crypto futures trading and how does it work?
Futures trading is an agreement to buy or sell an asset at a set price on a future date. Traders use futures for hedging risk or speculating on price movements.
What are perpetual contracts in crypto futures?
Perpetual crypto futures have no expiry and use funding rates to track spot prices.
What is margin in crypto futures trading?
Margin is the minimum deposit needed to open and maintain a futures trade. It includes initial margin (to enter a trade) and maintenance margin (to keep it active).
What are the advantages of trading in Crypto futures?
- High liquidity in popular contracts
- Leverage allows higher exposure with less capital
- Standardized contracts on regulated exchanges
- No time decay, unlike options
What are the risks in crypto futures trading?
The main risk is leverage. It can multiply profits but also magnify losses, leading to margin calls or liquidation if the market moves against you.
Can beginners start with low margin in crypto futures trading?
Yes, start small, use isolated margin, and set strict risk limits.
How is P&L calculated in crypto futures?
Unrealized P&L reflects the profit or loss on your open positions, which changes in real time as the contract price moves. Realized P&L is booked when you close the trade, and both are marked-to-market on Pi42 for accurate tracking.
Is crypto futures trading available 24/7?
Yes, crypto futures trading on Pi42 is available 24/7, allowing you to open or close positions anytime as the global crypto markets never sleep.
What is crypto options trading and how does it work?
Options trading gives you the right, but not the obligation, to buy (call) or sell (put) an asset at a fixed price before or on expiry.
What’s the key benefit of Crypto options?
They cap risk to the premium paid while offering upside from price moves or volatility.
What is the difference between European and American options?
European Options: Can be exercised only on the expiry date.
American Options: Can be exercised any time before expiry.
What factors affect Crypto option prices?
Option pricing depends on:
- Price of the underlying asset
- Time to expiry
- Market volatility
- Interest rates & dividends (for stocks)
What’s a simple starting strategy for Crypto options trading?
A good starting point is buying a call or put option based on a clear market view, while avoiding complex multi-leg strategies in the beginning.
Do all Crypto options have expiries?
Yes, every crypto options contract comes with a fixed expiry date, and its value generally decreases as the expiry date gets closer.
Can I combine crypto futures and Crypto options?
Yes, traders often hedge futures with options to manage risk more precisely.
What happens if I don’t exercise my option before expiry?

- In-the-money (ITM) options are usually settled automatically.
- Out-of-the-money (OTM) options expire worthless, and you lose only the premium paid.
stars

Leading Indian Crypto Exchange for F&O Trading

Pi42 is a homegrown platform designed specifically for derivatives traders. Built with speed, clarity, and compliance-first operations, it gives active investors the tools they need to trade efficiently. Unlike many platforms that spread their focus, Pi42 specialises in F&O trading, making it easier for users to navigate futures and options with confidence.

Seamless F&O Trading on Pi42

Pi42 operates as a focused crypto derivatives exchange India traders can trust. The crypto exchange platform offers two core products designed for power and simplicity:

  • Perpetual Futures: Futures without expiry that track spot via funding. They are flexible instruments for hedging or crypto futures trading with leverage, tight spreads, and fast execution.
  • Options: Calls and puts are presented with an options chain and guided flows. With clear margin, P&L, and position management, Pi42 becomes a practical crypto options trading platform India traders can consider.

Explore Our Crypto Derivatives Products

Pi42 brings all your derivatives tools into one clean, fast terminal so you can move from market view to order in seconds. If you aim to trade BTC INR futures or build multi-leg structures around bitcoin volatility, this section introduces you to the common markets, margin types, and contract features.

Crypto Futures Contracts in INR & USDT

Pi42 offers crypto perpetual futures in INR and USDT, letting you keep balances in rupees while trading global markets. With no expiry pressure, you can manage exposure 24/7 through crypto futures trading built for Indian traders.

Crypto Options Trading Made Easy

Options let you express views with limited risk and structured pay-offs. Buy calls for upside, puts for downside, or combine legs for income, hedging, or volatility plays. On Pi42, you can trade BTC options or any other top cryptocurrency options with an options chain that shows Greeks and probability cues, so crypto options trading in India feels less abstract and more actionable.

Whether you are starting with covered positions or moving to spreads, Pi42 makes crypto options trading in India straightforward. You get position insights, live P&L, and risk tools on one screen. It is a crypto options trading platform India traders can learn on and scale with as their strategies mature.

Why Pi42 is the Best Crypto Exchange in India for F&O Trading?

Pi42 is engineered for Indian traders with INR-first flows and real-time P&L, so you can scale from single-contract exposure to portfolio hedges without friction. From bitcoin index moves to cross-pair opportunities, you will see why a focused stack for future and options in cryptocurrency can make a measurable difference in speed, clarity, and control.

  • Built for Indian Traders – INR Support, No 1% TDS or 30% Flat Tax

Pi42’s derivatives-first design centres on INR flows and margin efficiency. For many active traders, that means familiar accounting and fewer conversion hops. Market participants looking for tax-aware ways to engage the market find this setup attractive, especially compared with spot transfers. Consult a professional advisor for personalised guidance, but the platform’s orientation aligns with how serious crypto futures trading gets done in India.

  • Up to 75x Leverage & Margin Efficiency

Sophisticated users value capital efficiency. Pi42 combines layered risk controls with flexible leverage, so strategies that rely on futures and options trading can scale responsibly. Use only what you understand and size positions prudently. As one of the top crypto exchanges in India focused purely on derivatives, Pi42 ensures that active traders can optimise their capital without unnecessary friction.

  • Fully Secure Platform with Real-Time P&L

From KYC to risk engines, the stack prioritises security and transparency. Real-time P&L, margin ratios, and alerts help you stay on top of crypto futures trading decisions. You trade; the platform keeps you informed. These measures reinforce why many users regard Pi42 as the best Indian cryptocurrency exchange for derivatives trading, thanks to its focus on security and control.

Ready for F&O Trading? Get Started in 3 Easy Steps

You can start with a BTC/INR long or a defined-risk options spread. The following steps make it easy to begin:

  1. Create Your Account – Fast Onboarding with KYC
    Sign up with your details and complete KYC in a few quick steps. You will be ready to begin crypto futures and options trading once verification is done. As for the time taken, the KYC (Know Your Customer) verification process can take less than 10 minutes if you have your documents ready.
  2. Fund in INR or USDT – Multiple Deposit Options
    Add INR via supported rails or keep a rupee-first balance while accessing USDT markets. Flexible funding makes it easy to prepare capital for future and options in cryptocurrency strategies.
  3. Start Trading Futures & Options with Ease
    Open the trading terminal, pick your market, and place the first order. Manage entries, exits, and risk with on-chart controls and clear P&L. If you prefer a more direct path, dive into contract trading from the positions view and scale into crypto futures trading as your conviction grows. You can also combine futures with options to build defined-risk structures that complement your crypto options trading thesis or hedge exposures.

Why Pi42 Works for Derivatives-First Traders?

Derivatives traders need speed, capital efficiency, and clear risk signals. Pi42 delivers that focus. Orders go in fast, and exits are precise. INR-first funding and margining reduce friction. Positions, P&L, and greeks sit on one screen. You can trade futures and options and manage crypto futures trading strategies in one continuous flow. Here’s how:

  • INR-first design tailored for India’s active community
  • A clean crypto exchange platform with depth and speed
  • Education is built into the flow, so crypto options trading and crypto futures and options feel intuitive.
  • Portfolio views that let you rebalance or trade cryptocurrency options alongside futures.
  • Support that understands local trading habits and priorities is key when pursuing systematic futures and options trading.
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