OKX has announced that it will list Pi Network (PI) for spot trading, with deposits opening on February 12, 2025, and full trading commencing on February 20. This comes after years of Pi Network operating in its Enclosed Mainnet phase.
Quick Take delivers key facts fast—concise, clear, and easy to read. Perfect for busy readers.
Key details from OKX
- Deposits: Open at 2:45 am UTC on Feb 12, 2025.
- Call Auction: From 7:00 am to 8:00 am UTC on Feb 20, 2025.
- Spot Trading: PI/USDT trading begins at 8:00 am UTC on Feb 20, 2025.
- Withdrawals: Available from 8:00 am UTC on Feb 21, 2025.
Trading restrictions at launch
To limit volatility, OKX has order and price limits for the first few minutes of trading:
- No market orders allowed.
- Max $10,000 per limit order.
- Each trader’s net position capped at $10,000.
Specific price limit rules are as follows:
| Phase | Highest price limit | Lowest price limit |
| Within 10 mins of spot/margin listing | Index × (1 + X) | Index × (1 – X) |
| 10 minutes after spot/margin listing | Min[Max(Index, Index (1 + Y) + Avg. premium in last 2 mins), Index × (1 + Z)] | Max[Min(Index, Index × (1 – Y) + Avg. premium in last 2 mins), Index × (1 – Z)] |
Call auction mechanism
Before full trading, OKX will conduct a call auction, where users can place buy and sell orders to determine an indicative opening price.
- Users can place buy orders up to $50,000.
- Typically, the call auction lasts at least 10 minutes.
- Only limit orders are supported.
- The indicative opening price is determined by the following:
- It generates the highest trading volume.
- All buy orders placed above or sell orders placed below the indicative opening price must be fully executed at that price.
- Either the taker or maker of orders at the indicative opening price must be fully executed.
- In the final 5 minutes, orders can be placed but not canceled or modified.
About Pi Network
Pi Network is a social cryptocurrency and developer platform enabling users to mine and transact via mobile. It boasts:
- 60M engaged users.
- 19M identity-verified users (via KYC).
- 10M migrated to its Mainnet.
This article is published on BitPinas: Quick Take: OKX to List Pi Network (PI) for Spot Trading
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