{"id":946,"date":"2024-04-17T06:46:50","date_gmt":"2024-04-17T06:46:50","guid":{"rendered":"https:\/\/pi42.com\/blog\/?p=946"},"modified":"2024-04-22T06:52:05","modified_gmt":"2024-04-22T06:52:05","slug":"ftm-inr-trading","status":"publish","type":"post","link":"https:\/\/pi42.com\/blog\/ftm-inr-trading\/","title":{"rendered":"What is the New FTM\/INR pair on Pi42?"},"content":{"rendered":"\n<p>Greetings, Pi42 traders!<\/p>\n\n\n\n<p>Get ready to explore the exciting world of Decentralized Finance (DeFi) with <strong>Fantom (FTM)<\/strong>!&nbsp; Now, Indian crypto enthusiasts can leverage Pi42 to trade <strong>FTM directly with the Indian Rupee (INR)<\/strong>.<\/p>\n\n\n\n<p><strong>What is Fantom (FTM)?<\/strong><\/p>\n\n\n\n<p>Fantom is a high-performance blockchain platform designed for smart contracts and DeFi applications. Here&#8217;s what makes Fantom stand out:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Scalability:<\/strong> Fantom boasts a unique architecture that enables significantly faster transaction processing compared to traditional blockchains, ideal for a seamless DeFi experience.<\/li>\n\n\n\n<li><strong>Security:<\/strong> The platform prioritizes robust security measures to ensure a reliable environment for deploying smart contracts and DeFi applications.<\/li>\n\n\n\n<li><strong>Interoperability:<\/strong> Fantom is built for interoperability, allowing it to connect seamlessly with other blockchain ecosystems.<\/li>\n<\/ul>\n\n\n\n<p><strong>Key Features of Fantom (FTM):<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Opera Chain:<\/strong> Fantom utilizes its custom Opera Chain, known for its high speed and low latency.<\/li>\n\n\n\n<li><strong>Lachesis Consensus Mechanism:<\/strong> This novel consensus mechanism allows for efficient block finalization, contributing to faster transaction processing.<\/li>\n\n\n\n<li><strong>EVM Compatibility:<\/strong> Fantom is compatible with the Ethereum Virtual Machine (EVM), enabling seamless integration with existing DeFi tools and applications.<\/li>\n<\/ul>\n\n\n\n<p><strong>Benefits of Trading Fantom (FTM) on Pi42:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Tax Efficiency:<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>No TDS (Tax Deducted at Source):<\/strong> Simplify your tax calculations and avoid upfront deductions on your crypto trades.<\/li>\n\n\n\n<li><strong>No VDA Tax (Virtual Digital Asset Tax):<\/strong> Benefit from the absence of this recently proposed tax in India<\/li>\n\n\n\n<li><strong>Loss Offsetting:<\/strong> Offset potential losses from your crypto trades with your gains for tax optimization purposes.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Thinner Spreads:<\/strong> Pi42 strives to provide competitive bid-ask spreads, potentially leading to more favorable execution prices for your trades.<\/li>\n<\/ul>\n\n\n\n<p><strong>Ready to Trade Fantom (FTM)?<\/strong><\/p>\n\n\n\n<p>Here&#8217;s a quick guide to get you started:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Login:<\/strong> Access your Pi42 account.<\/li>\n<\/ol>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/pi42.com\/trade?symbol=FTMINR&amp;utm_source=organic&amp;utm_medium=blog&amp;utm_campaign=new-token\"><img decoding=\"async\" src=\"https:\/\/lh7-us.googleusercontent.com\/0h4KSELYeoWUzbSWd3aKze9g_ikUfIgLh9vzhscQj22Xn2vxN9ZdKQE_7DUbxzkwXPISXKw-M_nz4WeAQrhq4vKj4Hp2LX-2bCJVsMFMaEDYHNlUXvdcI43dnN2uNeN5uGYq4D4_WfdEh9Xj0PcJuDo\" alt=\"\"\/><\/a><\/figure>\n\n\n\n<ol class=\"wp-block-list\" start=\"2\">\n<li><strong>Navigate:<\/strong> Head to the trading terminal.<\/li>\n<\/ol>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/pi42.com\/trade?symbol=FTMINR&amp;utm_source=organic&amp;utm_medium=blog&amp;utm_campaign=new-token\"><img decoding=\"async\" src=\"https:\/\/lh7-us.googleusercontent.com\/sZ-deX1xOQWuowQeLlq7rFEKfdo8M6Naaidkifd5guVnhHEv5NEZ-k9bAbbQoDEzM13xfxacCUkIP9ldiNiwdQD0Nnx9XT4kqb5dbIgQt9Acb-EuwIrNQyhQfQ2pH2ICfyu7_akcNPmjpyRyNtQ-FsQ\" alt=\"\"\/><\/a><\/figure>\n\n\n\n<ol class=\"wp-block-list\" start=\"3\">\n<li><strong>Select the Pair:<\/strong> Choose <strong>FTM-INR<\/strong> from the dropdown menu.<\/li>\n<\/ol>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/pi42.com\/trade?symbol=FTMINR&amp;utm_source=organic&amp;utm_medium=blog&amp;utm_campaign=new-token\"><img decoding=\"async\" src=\"https:\/\/lh7-us.googleusercontent.com\/C9ios16eFzRsU9M69v0TENB0GkZkAiwvTgGMEo_ElGiNBSnlRrrCFydC8F60yqoaNxywD3JeN2aoSGcDP3HyPGpIiKvW0YVA84rEGApEm9zjI_Jzuxt9Je8cpFqI_pjHCoKcGamW2bguzMZ0co_YFlM\" alt=\"\"\/><\/a><\/figure>\n\n\n\n<ol class=\"wp-block-list\" start=\"4\">\n<li><strong>Define Your Position:<\/strong> Enter your desired investment amount, select your preferred leverage, and adjust the percentage according to the minimum asset requirements.<\/li>\n<\/ol>\n\n\n\n<figure class=\"wp-block-image is-resized\"><a href=\"https:\/\/pi42.com\/trade?symbol=FTMINR&amp;utm_source=organic&amp;utm_medium=blog&amp;utm_campaign=new-token\"><img decoding=\"async\" src=\"https:\/\/lh7-us.googleusercontent.com\/EHrI4hCIwNp3qTca7udeQ78_7tERFVmNl_F9JPx9f6WiAMoRiyzDONdNJifcNU3WrDr-pn9ZpJrLJCsiY2-e6U1ZlsuDTsbq9PA9F0oyy6V3Sgdg_xz6_G7IcCtHLYqqBCSGMFId5-hmV-RvwXdefjM\" alt=\"\" style=\"width:650px;height:auto\"\/><\/a><\/figure>\n\n\n\n<ol class=\"wp-block-list\" start=\"5\">\n<li><strong>Set Limits (Optional):<\/strong> Establish Take Profit and Stop Loss orders to manage your risk.<\/li>\n<\/ol>\n\n\n\n<figure class=\"wp-block-image is-resized\"><a href=\"https:\/\/pi42.com\/trade?symbol=FTMINR&amp;utm_source=organic&amp;utm_medium=blog&amp;utm_campaign=new-token\"><img decoding=\"async\" src=\"https:\/\/lh7-us.googleusercontent.com\/LZVkd6ojBKHXISNh82vL54m_w3nDExpk2haODFqDCWKXKbU2pfvBpd8UOm1pv9S_eARZkga3hn38kxogAWQhir42VDyeoX02RlbQ0w9mkOjrSZdC15h0WwI65xWFqfrSD3EsIa9sPrvQMzPykN-xxas\" alt=\"\" style=\"width:650px;height:auto\"\/><\/a><\/figure>\n\n\n\n<ol class=\"wp-block-list\" start=\"6\">\n<li><strong>Execute Your Trade:<\/strong> Click &#8220;Buy\/Long&#8221; or &#8220;Sell\/Short&#8221; based on your market analysis.<\/li>\n<\/ol>\n\n\n\n<figure class=\"wp-block-image is-resized\"><a href=\"https:\/\/pi42.com\/trade?symbol=FTMINR&amp;utm_source=organic&amp;utm_medium=blog&amp;utm_campaign=new-token\"><img decoding=\"async\" src=\"https:\/\/lh7-us.googleusercontent.com\/2A_D8zmNi9uRRDK8E4l-Id4T7iT7k_Jsc3a_zCQyin-Uzxk-mSqawb3h3Gz-9GRSfxHTr7o_qgcOA2mLzzETu2HVtbuUyZrc7_c_mEbupRbpqqi6HkBkNSHbUqxJmMJfsxuJ11DPbT70Jcv6AJHKJe4\" alt=\"\" style=\"width:650px;height:auto\"\/><\/a><\/figure>\n\n\n\n<ol class=\"wp-block-list\" start=\"7\">\n<li><strong>Track Your Trade:<\/strong> Monitor your open positions in the &#8220;Orders and Positions&#8221; section below the trading chart.<\/li>\n<\/ol>\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:\/\/pi42.com\/trade?symbol=FTMINR&amp;utm_source=organic&amp;utm_medium=blog&amp;utm_campaign=new-token\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Trade FTM-INR<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<p><strong>Disclaimer:<\/strong> 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\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Greetings, Pi42 traders! Get ready to explore the exciting world of Decentralized Finance (DeFi) with Fantom (FTM)!&nbsp; Now, Indian crypto enthusiasts can leverage Pi42 to trade FTM directly with the Indian Rupee (INR). What is Fantom (FTM)? Fantom is a high-performance blockchain platform designed for smart contracts and DeFi applications. Here&#8217;s what makes Fantom stand [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":949,"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":[11,6,9,150,151,149,12],"class_list":["post-946","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-trading","tag-crypto-exchange","tag-crypto-futures","tag-crypto-trading","tag-fantom-trading","tag-ftm-inr-trading","tag-ftm-trading","tag-indian-crypto-exchange"],"jetpack_featured_media_url":"https:\/\/pi42.com\/blog\/wp-content\/uploads\/2024\/04\/GLH1T0raQAAOwi8-1.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/posts\/946","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=946"}],"version-history":[{"count":2,"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/posts\/946\/revisions"}],"predecessor-version":[{"id":948,"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/posts\/946\/revisions\/948"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/media\/949"}],"wp:attachment":[{"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/media?parent=946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/categories?post=946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pi42.com\/blog\/wp-json\/wp\/v2\/tags?post=946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}