OKX to list PI (Pi Network) for spot trading

OKX has officially announced the listing of PI (Pi Network) for spot trading, marking a significant milestone for the cryptocurrency. Below are the key details regarding the listing timeline, trading rules, and other relevant information:

Listing Timeline

1. PI Deposits Open: February 12, 2025, at 2:45 AM UTC.
2. Call Auction Period: February 20, 2025, from 7:00 AM to 8:00 AM UTC.
3. PI/USDT Spot Trading Opens: February 20, 2025, at 8:00 AM UTC.
4. PI Withdrawals Open: February 21, 2025, at 8:00 AM UTC.

Trading Rules at Launch

To ensure market stability, OKX has implemented the following restrictions during the first 5 minutes of trading:

• No Market Orders: Only limit orders are allowed.
• Order Limits: Each limit order must not exceed $10,000 in value, and each user’s maximum net position size is capped at $10,000.
• Price Limits: If a spot index is available, price limits will be applied. Within the first 10 minutes, the highest and lowest prices are calculated as Index × (1 + X) and Index × (1 – X), respectively. After 10 minutes, the limits adjust based on market conditions.

Call Auction Mechanism

• Duration: The call auction will last for 1 hour.
• Order Limits: Each user’s total buy orders during the call auction must not exceed $50,000.
• Final 5 Minutes: Users can place orders but cannot cancel or modify them.

About Pi Network

Pi Network is a social cryptocurrency and developer platform designed for widespread accessibility and real-world utility. It allows users to mine and transact Pi using a mobile-friendly interface. Key statistics include:

• Engaged Users: Over 60 million.
• Identity-Verified Users: Over 19 million.
• Mainnet-Migrated Users: Over 10 million.
• Circulating Supply: 6.041 billion PI.
• Total Supply: 9.294 billion PI.
• Max Supply: 100 billion PI.

How to Prepare for Trading

• For Sellers: Ensure PI tokens are ready for deposit starting February 12, 2025, and complete OKX’s account verification process.
• For Buyers: Prepare USDT funds in your OKX account before trading begins and consider participating in the call auction for potentially better pricing.

Risk Warning

OKX emphasises that digital assets are highly speculative and subject to high volatility. Users should conduct their own research and evaluate their risk appetite before trading.

For more detailed information, you can refer to the official OKX announcement pages.