Nischal Shetty, Avinash Shekhar launch perpetual futures crypto exchange Pi42

Cryptocurrency players Nischal Shetty and Avinash Shekhar have launched Pi42 , a crypto-INR perpetual futures exchange. WazirX founder and CEO Shetty will head the growth strategy of the firm, while Shekhar, the former CEO of ZebPay, will handle the finance, regulatory compliance, and operations verticals.Pi42 will permit users to invest their rupees, eliminating the need for stablecoins or any other complex layers to trade. Pi42 has already applied for recognition under the FIU (Financial Intelligence Unit), and is entirely compliant with PMLA (Prevention of Money Laundering Act) guidelines.