JAKARTA - Indodax, the first crypto exchange company in Indonesia with more than 5.6 million members inaugurated its second office on the Island of the Gods. The office is located in the Canggu area.

The opening ceremony for this new office was held on Wednesday, March 1, 2023 and was attended by Oscar Darmawan as CEO of Indodax, Bob Horo as Chief Legal and HRGA Indodax, Agatha Kristina as VP of HRGA Indodax, Indra as VP Customer Service Indodax and Naufal Alvira as VP Business Development Indodax, representatives of associations and partner partners from Indodax. The opening ceremony of the new office was marked by a band cut.

Oscar Darmawan said that Indodax opened an office in Bali which is the second location because it wants to strengthen Indodax services considering the high interest in investing in crypto assets on the Island of the Gods and its surroundings.

"Indodax has a fairly strong crypto investor base in Bali. In Bali, we have two offices, the first in Kuta now in Canggu. Bali is also the location where Indodax was originally founded before the cryptocurrency was massive and has many investors today," explained Oscar, in his statement, Friday, March 3.

Bali is an area of Indonesia that is visited by many foreign tourists and the growth of the crypto ecosystem in Bali is very good. This is evidenced by Indodax members in Bali who grew massively to reach a total of hundreds of thousands as of them as of early 2023

In accordance with the latest data from CoFTRA, crypto investors in Indonesia have reached 16.55 million investors with a total transaction value in 2022 of IDR 296.66 trillion Throughout the period January to November 2022.

"With animo of this size, it is also one of our backgrounds to inaugurate this new office. Hopefully this office can also have a positive domino effect on the surrounding economy and so that Indodax can be closer to the community. Apart from digital services that are already close to the community, the physical closeness through this second office will make Indodax motivated so that in the future our services to the community will be even better," explained Oscar.

Not only that, Oscar also said that the urgency of education to the public is also a concern for Indodax.

"Although there is already a lot of crypto investors in Indonesia, public knowledge regarding crypto and blockchain is still not too big. Therefore, my personal hope is that Indodax can be more aggressive in socializing and educating the public regarding crypto and blockchain," concluded Oscar.


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