Binance Investment in Tokocrypto 2

2021.10.06

Pang Xue Kai saw a cryptocurrency opportunity in Indonesia in 2017. His inspiration is in South Korea, where Bitcoin is traded at a higher rate than worldwide exchanges. The early adoptement of bitcoin, including in China, resulted in a higher price point for cryptocurrencies than elsewhere in the world. Binance announced today its investment in Tokocrypto.  The leading regulated cryptocurrency exchange in Indonesia, measured in trading volume and users. The funds will be used to accelerate the growth of Tokocrypto’s business. Binance today announced its investment in the world’s largest cryptocurrency exchange by trading volume and users. A new product and service will be used to accelerate the growth of Tokocrypto, including new products and services and technology enhancements. This transaction in Tokocrypto is managed by Indonesia’s promising blockchain ecosystem, a sign of confidence from a leading global player. One of the most important topics for the year 2021 will be cryptocurrency. The biggest cryptocurrency by market cap, bitcoin, peaking at $ 65,000 per bitcoin in April, along with new developments with nonfungible currency.  To purchase coins, you generally need to do so through a cryptocurrency exchange. Beginning one is not a simple task, however.

 

 

Tokocrypto 2 – Binance Investment:

Tokocrypt received a license from the Commodity Futures Trading Regulatory Agency, or Bappebti in 2019. Tokocrypto 2 introduced an undisclosed investment from global cryptocurrency exchange Binance in 2020. An upgraded cryptocurrency exchange powered by Binance Cloud. On Tokocrypto, users can trade up to 37 cryptocurrencies at a trading center. One percentage of the transaction value. A rupiah base stablecoin in the form of Binance IDR (BIDR) can be traded directly against Bitcoin. IDR 50,000 (USD three is called the minimum deposit) to start trading. fifty). Kai averages a daily trading volume of USD 70 million while the app serves a daily trading volume of USD 70 million. We have a wide community of customers including cryptic traders, decentralized finance investors, and NFT enthusiasts. The investment from Binance will help establish Tokocrypto’s leading services in the Indonesian market.  Also, it will accelerate our vision inTokocrypto is a venture started in early 2018 in Indonesia.  Their goal is to encourage adoption, and the accessibility of cryptocurrency. Early backers included Singapore-based digital asset trading and investment firm, QCP Capital. Tokocrypto became the first cryptocurrency exchange to be regulated by the Indonesia Commodity Futures Authority.  In 2019 the team achieved a milestoneThe fourth largest population in the world will be recognized as one of the leading centers of the blockchain ecosystem in Southeast Asia. Our investment in Tokocrypto will explore new and exciting opportunities for the Indonesian market with a regulated local partner. Binance will invest in Tokocrypto to establish the company as a leading service provider in Indonesia and assist us in achieving our vision in creatingTokocrypto was founded in early 2018 and is aimed at increasing the accessibility of crypto in Indonesia. The early backers included the Singapore-based digital asset trading and investment firm, QCP Capital. Tokocrypto became the first cryptocurrency exchange to be regulated by the government in 2019. Indonesia will become one of the leading centers of the blockchain ecosystem in Southeast Asia. When we started, Binance decided that it would be our unwavering commitment to users that would differentiate us in the market. We have grown the biggest crypto platform on the globe. We are not the first cryptocurrency exchange in Indonesia, but we are the first exchange that has been regulated. We are coordinating with the Commodity Futures Trading Regulatory Agency in order to establish the regulatory framework regarding crypto exchange services. Developing a partnership with Binance quickly became popular and more Indonesians discovered its services. An achievement of the company is that the team secured the backing of Binance. Binance was registered as the first regulated cryptocurrency exchange in Indonesia in November 2019. After receiving a green light to operate, the team sought funds to expand its user base.

 

 

Tokocrypto is additionally supported by its advisory board of experienced cryptocurrency experts:

We are ready to comply with any regulatory requirements in the future, we have been well regulated since the beginning. Crypto is here to stay and it has a long term sustainable company. He says this industry is legitimate despite being made by other industry players. Tokocrypto is additionally supported by its advisory board of experienced cryptocurrency experts including Joshua Ho, Darius Sit of QCP Capital, andIn addition, Tokocrypto will continue its work and cooperation with regulatory bodies in the region, such as BAPPEBTI and PPATK. It may be from active to passive. The company is backed by a board of experienced cryptocurrency experts, including Joshua Ho and Darius Sit of QCP Capital. Tokocrypto will continue working and cooperation with regulators in the region such as BAPPEBTI and PPATK, as well as strategic partnershipsActive to passive. You can change your behavior into an active or passive one. Singaporean companies seeking to engage in payments services will need to obtain a license under the Payment Services Act for a specified period. In Indonesia, Tokocrypto is registered with the local regulatory agency.  It is recognized by the government along with the financial system, including banks. Tokocrypto can provide a smoother entry ramp service compared to exchanges in Singapore.