The Trading Volume Of The PINTU Application Increases Amid The Positive Crypto Market

Photo: Doc. DOOR

JAKARTA - The year 2023 became a turning point for the crypto market which had struggled throughout 2022. The crypto market in 2023 recorded a positive rally. Bitcoin (BTC) as a crypto asset with the largest market capitalization had touched the highest price level over the past 18 months at 40,000 US dollars.

The increase in BTC prices also boosted the overall value of crypto market capitalization to $1.45 trillion. The increase was driven by the application of bitcoin spot exchange-traded (ETF) exchanges by Blackrock, the asset management giant to the United States Securities and Exchange Commission (SEC) which also resulted in an increase in crypto exchange trading transactions in Indonesia.

Timotius Martin, Chief Marketing Officer of PINTU, revealed that trading volume of the PINTU application month-to-month (October - November) has increased significantly by more than 120 percent.

"USDT, BTC, ETH, MEME, & SOL occupy the top five tokens in trading volume during that period. The increase in volume trading is expected to be a positive signal to boost crypto asset transactions nationally, which had decreased," said Timotius, in a written statement, Wednesday, December 6.

Based on data from the Commodity Futures Trading Supervisory Agency (BAPPEBTI), the volume of crypto asset trading transactions in 2021 is the highest reaching IDR 859.4 trillion. In 2022 the value decreased drastically to IDR 306.4 trillion, even as of September 2023 crypto asset trading transactions fell to IDR 94.4 trillion.

Despite the decline in transaction value, the number of crypto investors in Indonesia continues to increase. In September 2022 there were 16.27 million crypto investors. Meanwhile, as of September 2023 yesterday, crypto investors rose to 17.91 million people.

"The DOOR itself has been downloaded more than 6 million times. During this 2023 period, the average volume of trading transactions per user at the DOOR has increased by 89 percent. With the continued increase in transaction value while welcoming the bull market, which can be driven by the Bitcoin Having narrative and other positive catalysts, we have prepared ourselves to face a larger volume spike in 2024, one of which is by releasing the limit order feature and DCA auto at the end of the third quarter of 2023 to provide options for stocking the DOOR. " CLOSE Timo.

For information, the PINTU application as of November 2023 has more than 128 tokens with newly released tokens such as Radiant Capital (RDNT), Toncoin (TON), CyberConnect (CYBER), Strax (STRAX), Pedle (PENDLE), and Stargate Finance (STG).

Other leading features that are still the choice of PINTU users such as Pintu Earn which provides a reward of up to 10 percent per year, to the PTU Staking feature with many attractive benefits.