DOOR Application Launches Door Pro Futures, Presents Crypto Derivative Trading

JAKARTA - The all-in-one PINTU crypto application in collaboration with the Futures Auction officially registered with the Commodity Futures Supervisory Agency (BAPPEBTI) as well as under the supervision of the CFX crypto exchange, presents a crypto derivative trade called Pintu Pro Futures.

With this feature, traders can trade crypto derivatives legally and safely in the PINTU application with various selected crypto assets such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and others.

Head of Product Marketing PINTU Iskandar Mohammad revealed that derivative products are one of the investment products of crypto assets that have the attraction and are the choice to trade crypto assets.

"Globally, there are more than 100 crypto companies that already have derivative services. With the presence of Pintu Pro Futures as a derivative crypto trading platform, this is a new history for the domestic crypto industry which is able to provide innovative products for crypto asset investors and traders," said Iskandar, in a written statement, Wednesday, November 20.

Derivative is a product whose value depends on one or more basic assets, one of which is crypto. Meanwhile, futures trading is an activity to buy and sell futures contracts, namely an agreement to buy and sell an asset at a price that has been determined in the future.

In the crypto market itself, generally the trading of crypto derivatives is done through perpetual futures, or futures contracts without an expiry date. Based on data from Coingecko, the total trading of crypto derivatives on November 11, 2024 from 107 global crypto companies reached US$1.1 trillion, or equivalent to Rp17,237 trillion.

"The Pro Futures door offers crypto derivative trading with advanced features and 5x leverage. This product is a typical futures that allows users to take long or short positions without expiry date on BTC, ETH, SOL, and other crypto assets in USDT pairs. Pro Futures doors are also supported by risk management features such as, margin indicators, auto close open order, and transparent margin calculations to make it easier for users to manage liquidation risk," said Iskandar.

"The presence of Pintu Pro Futures further complements the series of superior features available in the PINTU application and makes PINTU the first all-in-one crypto application in Indonesia that presents innovative features for beginners to pro traders. We believe that the presence of this crypto derivative trade can make the domestic crypto industry grow positively and is expected to seize great potential from crypto derivative trading that has been carried out outside Indonesia," concluded Iskandar.

For information, the crypto derivative in Indonesia is a product issued by the CFX crypto exchange which has received official approval from the Commodity Futures Supervisory Agency (CoFTRA) in accordance with the provisions of the CoFTRA Regulation Number 8 of 2021.

In its implementation, the trade in derivative products includes self-regulatory organizations (SRO), namely the CFX crypto exchange, clearing institutions, custodian institutions, and futures brokering institutions, all of which have been registered and officially regulated under the legal umbrella of the Unitary State of the Republic of Indonesia (NKRI).