Tokocrypto Boss: After The Exchange, Next Is The Development Of Product Innovation And Crypto Services

Photo: Crypto illustration (Unsplash)

JAKARTA - Currently, the crypto asset industry in Indonesia has entered a new chapter accompanied by a spirit of optimism, especially since the passage of crypto exchanges in Indonesia some time ago.

Tokocrypto CEO, Yudhono Rawis, said the next step that the crypto industry in Indonesia should take is the development of crypto product innovation and services that suit Indonesia's market needs and preferences.

Because according to him, although the current global market tends to fall, the existence of crypto exchanges with all their functions can provide positive sentiment for local markets.

With more choices and services offered by crypto exchanges, Yudho hopes that in the future it will attract investors and boost liquidity, which in turn could affect the sentiment of crypto asset prices globally.

"We hope that the crypto industry in Indonesia can be more mature in creating ecosystems to be more integrated and competitive with global players," Yudho said in his official statement, quoted on Sunday, August 6.

More than that, Yudho also believes that the presence of this crypto exchange has the potential to foster transaction passion in the local market.

But on the other hand, product development can also be an important driver to revive the crypto market in Indonesia, thereby increasing interest and trading activity.

In his statement, Yudho ensured that Tokocrypto had applied for registration to obtain an Approval Letter for Exchange Members (SPAB). "Hopefully this process can take place quickly and there will be no obstacles," he said.

The Association of Indonesian Crypto Asset Traders (ASPAKRINDO) and the Indonesian Blockchain Association (A-B-I) are also committed to continuing to collaborate with authorities and stakeholders in building inclusive regulations, supporting the sustainable growth of the crypto asset industry in Indonesia and to achieve a balance between technological innovation and consumer protection.