Ranked in 1 of 16 countries · Derivatives
Pi42 Review (October 2026): Fees, Licences and Where It Works
By Vahe Hakobyan No affiliate links
- Taker fee— Not verified
- Maker fee— Not verified
- Coins— Not verified
- CustodyCustodial (margin held by the exchange)
- Founded2023
- HeadquartersAhmedabad, India
Our verdict
Pi42 is an Indian crypto derivatives exchange operated by Lightning Nodes Technologies that offers INR- and USDT-settled perpetual futures on 500+ pairs and BTC/ETH options. Base futures fees are 0.02% maker and 0.05% taker plus 18% GST, INR deposits and withdrawals carry no platform fee, and leverage reaches 150x.
Pros
- INR-settled futures and options
- Free INR deposits and withdrawals
- Low 0.02%/0.05% base futures fees
Cons
- Derivatives only, no spot buying
- Up to 150x leverage magnifies losses
Where Pi42 works
| Country | Status | Rank | Local licence |
|---|---|---|---|
| India | Available | #16 of 16 | FIU-IND registered VDA service provider, REID VA00045558, Lightning Nodes Technologies Pvt Ltd |
How secure is Pi42?
- Proof of reserves
- — Not verified
- Custody
- Custodial (margin held by the exchange)
Crypto held on a platform is generally not covered by deposit insurance.
Pi42 FAQ
Where is Pi42 available?
Among the countries we cover it accepts residents of India.
Is Pi42 regulated?
India: FIU-IND registered VDA service provider, REID VA00045558, Lightning Nodes Technologies Pvt Ltd.
Not financial advice. Crypto prices are volatile and you can lose everything you put in. World-Crypt earns nothing from the platforms reviewed here.