Binance Investment in Tokocrypto

2021.10.06

Pang Xue Kai saw an opportunity for crypto in Indonesia in 2017. The inspiration came from South Korea, as he noticed how Bitcoins were traded on Korean exchanges at higher prices compared to global exchanges. Pang Xue Kai witnessed an opportunity for crypto in Indonesia in 2017. The inspiration came from South Korea. Tokocrypto is the leading regulated cryptocurrency exchange in Indonesia by trading volume and users, and it announced its investment by Binance. Binance is the global blockchain company behind the largest cryptocurrency exchange by trading volume and users and announced its investment in Tokocrypto. The funds will be used to accelerate the growth of Tokocrypto’s business, including new products and services, technology enhancements, and national expansionInvesting in Indonesia’s promising blockchain ecosystem is showcasing the confidence from a leading global player.

 

 

Tokocrypto Received the First Regulated Cryptocurrency Exchange in Indonesia:

Tokocrypt received a license from the Indonesian Commodity Futures Trading Regulatory Agency in 2019. A year later, Tokocrypto 2 received an undisclosed investment from the global cryptocurrency exchange Binance and in 2020 Tokocrypto 2An upgraded cryptocurrency exchange powered by Binance Cloud. Users can trade up to 37 cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, on Tokocrypto at a trading session. The transaction is provided for at least 1%. A rupeah based stablecoin called Binance IDR (BIDR) provided by Tokocrypt. The minimum fiat deposit required to begin trading is IDR 50,000 ($3 USD). I think she is fifty. Kai says that the daily trading volume is estimated at 70 million USD, while the weekly active traders are served by the app. Upon receipt of the license from Commodity Futures Trading, Tokocrypto received the first regulated cryptocurrency exchange in Indonesia in 2019. One year later, an undisclosed investment from Binance was received by Tokocrypto 2. An upgraded cryptocurrency exchange, powered by Binance Cloud, is powered by 0. Users on Tokocrypto can trade up to 37 cryptocurrencies including Bitcoin, Ethereum, and Dogecoin. A 1 percent portion of the transaction value is based on the transaction value. Tokocrypto provides a rupiah-based stablecoin in the form of Binance IDRIf you would like to start trading, you need to deposit IDR50,000. 00 (USD3). I’m fifty. Across the platform, the daily trading volume is estimated at an average of 70 million USD. Binance’s investment will help establish Tokocrypto’s leading services in the Indonesian market.  We will also accelerate our vision in an openTokocrypto launched in early 2018 and has been driving adoption and accessibility of cryptocurrency. Early supporter in the company’s seed funding round included Singapore-based digital asset trading and investment firm, QCP Capital. The team achieved a milestone in 2019.  It is the first cryptocurrency exchange to be regulated by the Indonesia Commodity Futures Trading Regulatory Agency. Among the leading centers of the blockchain ecosystem in Southeast Asia, Indonesia will become the world’s fourth largest population. We will explore many different potentialities with a regulated local partner in order to ensure the financial freedom of the Indonesian consumers. The investment from Binance will help establish Tokocrypto’s leading services in the Indonesian market, and accelerate our vision in bringing an openTokocrypto, the company which provides exchange and service, aims to provide cryptocurrency in Indonesia with the support and usage it needs. Early investors in the company’s seed funding round included Singapore based digital asset trading and investment firm, QCP Capital. Tokocrypto is the first cryptocurrency exchange to be regulated by the Indonesia Commodity Futures Authority.  This is a milestone achieved by theChangpeng Zhao (CZ), founder and CEO of Binance, stated that speedy technology adoption, strong economic growth, and the world’sTogether, exciting new opportunities in the Indonesian market with a regulated local partner will be explored by our investment in Tokocrypto.

 

 

Cryptocurrency is Coming to Stay:

We have been well regulated from the beginning and are ready to comply with any new regulatory requirements in the future. Crypto is coming to stay, and we are building a long lasting sustainable company. Together with other industry players, we are ensuring that this industry is legitimate, said him. We have been well regulated from the beginning and are ready to comply with any new regulatory requirements in the future. Crypto is coming to stay and we are building a long term sustainable company. Together with other industry players, we are making sure that this industry is legitimate, he said. The expert advisory board of Tokocrypto provides additional support. It works with the regulators in the region, such as BAPPEBTI and PPATK to develop various new initiatives, as well as its workThe response is both active and passive.