KEY TAKEAWAYS
- OKX will list Pi Network (PI) on its spot trading markets, with trading starting on February 20, 2025.
- Initial trading restrictions include a $10,000 limit on market orders and net positions, lifted after five minutes.
- The call auction mechanism allows pre-trading buy and sell orders, with a $50,000 cap on buy orders during the auction.
- Pi Network is a social cryptocurrency platform with over 60 million users and a focus on real-world utility.
OKX has announced the upcoming listing of Pi Network (PI) on its spot trading markets. The listing process will begin with PI deposits opening at 2:45 am UTC on February 12, 2025. This will be followed by a call auction from 7:00 am to 8:00 am UTC on February 20, 2025, with PI/USDT spot trading commencing at 8:00 am UTC on the same day. PI withdrawals will be available starting at 8:00 am UTC on February 21, 2025. More details can be found here.
To ensure a smooth trading experience, OKX will implement specific rules during the initial phase of spot trading. For the first five minutes, market orders will not be allowed, and each limit order must not exceed $10,000 in value. Additionally, the maximum net position size for each user is capped at $10,000. These restrictions will be lifted after the first five minutes of trading.
Price limits will also be in place if a spot index is available for the PI/USDT trading pair. The price limits will be adjusted according to market conditions, with specific parameters outlined for the first ten minutes and beyond.
Call Auction Mechanism
The listing will utilize a call auction mechanism, which allows users to submit buy and sell orders at desired prices before the trading pair officially begins trading. The call auction period will last for one hour, and during this time, the total value of each user’s buy orders must not exceed $50,000. In the last five minutes of the call auction, users can still place orders but cannot cancel or modify them.
Following the call auction, OKX will display the project team’s opening price as the initial price on the trading chart. This price is provided by the token project team based on the project’s valuation and is for informational purposes only.
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 while supporting applications built on its blockchain ecosystem. The network boasts over 60 million engaged users, with more than 19 million identity-verified through its native KYC solution and over 10 million migrated to its Mainnet.
The asset name is Pi Network, with the ticker PI. It has a circulating supply of 6.041 billion, a total supply of 9.294 billion, and a maximum supply of 100 billion.
Explore More News:
Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.
 for spot trading in February 2025, with deposits opening on Feb 12 and trading starting on Feb 20.){kind=link}