{"id":1092,"date":"2024-05-30T11:18:57","date_gmt":"2024-05-30T11:18:57","guid":{"rendered":"https:\/\/pi42.com\/blog\/?p=1092"},"modified":"2024-05-30T11:18:57","modified_gmt":"2024-05-30T11:18:57","slug":"ena-inr-trading","status":"publish","type":"post","link":"https:\/\/pi42.com\/blog\/ena-inr-trading\/","title":{"rendered":"What is the New ENA\/INR pair on Pi42?"},"content":{"rendered":"\n<p>Greetings, Pi42 traders!<\/p>\n\n\n\n<p>We&#8217;re thrilled to announce the arrival of Ethena (ENA) on our platform. Now, Indian investors can leverage Pi42 to explore the Ethena governance token &#8211; ENA with INR pairs.&nbsp;<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_76 ez-toc-wrap-left counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<label for=\"ez-toc-cssicon-toggle-item-69d8bd70ba3a3\" class=\"ez-toc-cssicon-toggle-label\"><p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-cssicon\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d8bd70ba3a3\"  \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/pi42.com\/blog\/ena-inr-trading\/#what-is-ethena-ena\" >What is Ethena (ENA)?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/pi42.com\/blog\/ena-inr-trading\/#key-features-of-ethena-ena-on-pi42\" >Key Features of Ethena (ENA) on Pi42:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/pi42.com\/blog\/ena-inr-trading\/#market-overview30th-may-2024\" >Market Overview(30th May, 2024):<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/pi42.com\/blog\/ena-inr-trading\/#benefits-of-trading-ondo-ondo-on-pi42\" >Benefits of Trading Ondo (ONDO) on Pi42:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/pi42.com\/blog\/ena-inr-trading\/#ready-to-explore-ethena-ena\" >Ready to Explore Ethena (ENA)?<\/a><\/li><\/ul><\/nav><\/div>\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"what-is-ethena-ena\"><\/span><strong>What is Ethena (ENA)?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Ethena tackles the stablecoin landscape with a unique approach, offering a synthetic dollar called USDe. Unlike traditional stablecoins pegged directly to fiat currencies, Ethena utilizes a <strong>delta-neutral strategy<\/strong> to maintain USDe&#8217;s value at $1. This strategy involves automatically adjusting positions to offset any potential price fluctuations in the underlying collateral assets.<\/p>\n\n\n\n<p>Here&#8217;s what makes Ethena stand out:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Decentralized Stability:<\/strong> Ethena operates on the Ethereum blockchain, aiming to provide a stablecoin solution independent of traditional banking systems.<\/li>\n\n\n\n<li><strong>Algorithmic Management:<\/strong> The delta-neutral strategy automates adjustments, potentially offering greater stability compared to manually managed systems.<\/li>\n\n\n\n<li><strong>Yield Generation Opportunities:<\/strong> Ethena offers users the potential to earn rewards through various mechanisms, like staking ENA tokens.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"key-features-of-ethena-ena-on-pi42\"><\/span><strong>Key Features of Ethena (ENA) on Pi42:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Direct INR Trading:<\/strong> Seamlessly Trade ENA pair using Indian Rupees (INR) for easy accessibility.<\/li>\n\n\n\n<li><strong>Competitive Spreads:<\/strong> Pi42 strives to provide competitive bid-ask spreads, potentially leading to favorable execution prices for your trades.<\/li>\n\n\n\n<li><strong>Secure Trading Environment:<\/strong> Our platform prioritizes security to safeguard your crypto investments.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"market-overview30th-may-2024\"><\/span><strong>Market Overview<\/strong>(30th May, 2024)<strong>:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Market Cap: $1.29 B<\/p>\n\n\n\n<p>Circulating Supply: 1.52 B ENA<\/p>\n\n\n\n<p>Price: \u20b975.21<\/p>\n\n\n\n<p>1-Year Growth: 23.73%<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-a89b3969 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.pi42.app\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Trade ENA-INR<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"benefits-of-trading-ondo-ondo-on-pi42\"><\/span><strong>Benefits of Trading Ondo (ONDO) on Pi42:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>Tax Efficiency:<\/strong><\/p>\n\n\n\n<p><strong>No TDS (Tax Deducted at Source):<\/strong> Simplify your tax calculations and avoid upfront deductions on your crypto trades.<\/p>\n\n\n\n<p><strong>No VDA Tax (Virtual Digital Asset Tax):<\/strong> Benefit from the absence of this recently proposed tax in India<\/p>\n\n\n\n<p><strong>Loss Offsetting: <\/strong>Offset potential losses from your crypto trades with your gains for tax optimization purposes.<\/p>\n\n\n\n<p><strong>Thinner Spreads: <\/strong>Pi42 strives to provide competitive bid-ask spreads, potentially leading to more favorable execution prices for your trades.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"ready-to-explore-ethena-ena\"><\/span><strong>Ready to Explore Ethena (ENA)?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Here\u2019s a quick guide to get you started:<\/p>\n\n\n\n<p>Login: Access your Pi42 account.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-us.googleusercontent.com\/b082FrC2EZqGTbmN3MDO3ZV361HG9txV6lbVzet2GJSY5Fy904yJ5qWIRo_KAeKP0QEZ7F9QX4GqRsMZxoDbG0oeKWOOKx1T2O_2Wa5njv-5A9uALiKhw0wlDk6WLGgZTo14wnMq6mYjU6FkswU0B4s\" alt=\"\"\/><\/figure>\n\n\n\n<p>Navigate: Head to the trading terminal.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/pi42.com\/trade?symbol=ENAINR&amp;utm_source=organic&amp;utm_medium=blog&amp;utm_campaign=new-token\"><img decoding=\"async\" src=\"https:\/\/lh7-us.googleusercontent.com\/_UsFHo9OUVKoDSjgAwf3QlutKbOjBDbwNEDGpipUMNfFn-tjXTJSF1SshMca-wbxoyo_FZoPD6vwIEjxvC5AXkKgnea6dDbzfK6TBARUcfufoNFIv1qXMJexRwcvJQv1pU1FbjMS1YEPI9TBmCj2lYk\" alt=\"\"\/><\/a><\/figure>\n\n\n\n<p>Select the Pair: Choose ENA-INR from the dropdown menu.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/pi42.com\/trade?symbol=ENAINR&amp;utm_source=organic&amp;utm_medium=blog&amp;utm_campaign=new-token\"><img decoding=\"async\" src=\"https:\/\/lh7-us.googleusercontent.com\/inolImkCB8jvbA7gtY1GsOiOIDya2P_sf4X5HJvTuXpgXqRdReIdAMcpsaymwVW54G81lCCFl-nCPe2kWBs4cI0oa9Y1qSqg43193dnofjbzOuT0oxkYoxKgdcRe008BRZ7oCCYtfRmPQGE1Ly90OpI\" alt=\"\"\/><\/a><\/figure>\n\n\n\n<p>Define Your Position: Enter your desired investment amount, select your preferred leverage (if applicable), and adjust the percentage according to the minimum asset requirements.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/pi42.com\/trade?symbol=ENAINR&amp;utm_source=organic&amp;utm_medium=blog&amp;utm_campaign=new-token\"><img decoding=\"async\" src=\"https:\/\/lh7-us.googleusercontent.com\/J4G6c-LD7J0h_F71uOhj4S4ibWjYVpZxmu7xHnKHXtBvYTrZLeQbz_wQkKTv7DNytyR2Z3IeS68GXuou_bTADvc3ugZ060nEggcDmM1-MseHOQOtQU--R-Fy7-Sail1uH6pLQfxJ0sjtjdT0TJxVCLc\" alt=\"\"\/><\/a><\/figure>\n\n\n\n<p>Set Limits (Optional): Establish Take Profit and Stop Loss orders to manage your risk.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/pi42.com\/trade?symbol=ENAINR&amp;utm_source=organic&amp;utm_medium=blog&amp;utm_campaign=new-token\"><img decoding=\"async\" src=\"https:\/\/lh7-us.googleusercontent.com\/qRJjwStthMfsH0i8yii-u90Pz_-fZEIEkTyFCm8ECSoW4qt1lOVdrJVDCFZ1cDWrapashUFKuCvYEmWtpoMaO7ifHqAniQea8UmjUIqaQOe5YsYvXPjlxHbdN4EJZjG1BVJDkR2_10nzgBEvXSq6dgo\" alt=\"\"\/><\/a><\/figure>\n\n\n\n<p>Execute Your Trade: Click \u201cBuy\/Long\u201d or \u201cSell\/Short\u201d based on your market analysis.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/pi42.com\/trade?symbol=ENAINR&amp;utm_source=organic&amp;utm_medium=blog&amp;utm_campaign=new-token\"><img decoding=\"async\" src=\"https:\/\/lh7-us.googleusercontent.com\/H_J2nrx5NlBIqxgXPkqDgAF8Vo01Gs5Y4pUlO7vjwRcEjn5teSnvRVJcX-zH30J19LzNwEGzBYY1EfTk0ho07MOQ6-45Hr0qvBx8fQD18WuJddZvitn0xtbod5wCJCf0_mppB8LuCMAaXmdKGF-LBoc\" alt=\"\"\/><\/a><\/figure>\n\n\n\n<p>Track Your Trade: Monitor your open positions in the \u201cOrders and Positions\u201d section below the trading chart.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-a89b3969 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.pi42.app\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Trade ENA-INR<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<p>Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Greetings, Pi42 traders! We&#8217;re thrilled to announce the arrival of Ethena (ENA) on our platform. Now, Indian investors can leverage Pi42 to explore the Ethena governance token &#8211; ENA with INR pairs.&nbsp; What is Ethena (ENA)? Ethena tackles the stablecoin landscape with a unique approach, offering a synthetic dollar called USDe. Unlike traditional stablecoins pegged [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":1097,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"zakra_page_container_layout":"customizer","zakra_page_sidebar_layout":"customizer","zakra_remove_content_margin":false,"zakra_sidebar":"customizer","zakra_transparent_header":"customizer","zakra_logo":0,"zakra_main_header_style":"default","zakra_menu_item_color":"","zakra_menu_item_hover_color":"","zakra_menu_item_active_color":"","zakra_menu_active_style":"","zakra_page_header":true,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[24],"tags":[6,194,192,12,135,10],"class_list":["post-1092","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-trading","tag-crypto-futures","tag-crypto-futures-india","tag-ethena","tag-indian-crypto-exchange","tag-new-listing","tag-pi42"],"jetpack_featured_media_url":"https:\/\/pi42.com\/blog\/wp-content\/uploads\/2024\/05\/WhatsApp-Image-2024-05-30-at-1.26.57-PM.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/posts\/1092","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/comments?post=1092"}],"version-history":[{"count":4,"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/posts\/1092\/revisions"}],"predecessor-version":[{"id":1096,"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/posts\/1092\/revisions\/1096"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/media\/1097"}],"wp:attachment":[{"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/media?parent=1092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/categories?post=1092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/tags?post=1092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}