Indonesia Could Be A Key Player Of The Southeast Asian Crypto Market

Crypto (photo: illustration: between)

JAKARTA - Indonesia can become a key player in the crypto market that stands out in Southeast Asia, because it is supported by the growth in the number of investors reaching 20 million people, until the transaction value has skyrocketed in the last six months.

"I believe Southeast Asia is a very important area for the global crypto industry, especially Indonesia, which can become a prominent key player in Southeast Asia, because it is supported by many positive factors, including the number of crypto investors reaching 20 million people to the transaction value in the last six months reaching 20 million US dollars," said Chief Marketing Officer (CMO) of PT Pintu Saja. (door), all-in-one crypto application, Timotius Martin quoting Antara.

Martin conveyed this in the Indonesia Coinfest Asia 2024 at the Asian Exchange Sharing the Global Crypto Scene session.

According to him, this figure is very large which is contributed by only one country.

Therefore, he said again, the crypto market in Southeast Asia has great potential because it is supported by friendly regulations, so that users can invest safely.

He said Indonesia is also a responsive country in regulating crypto asset trading with various regulations issued by the Commodity Futures Trading Supervisory Agency (CoFTRA), including regulations that categorize crypto assets as commodities that can be traded on futures exchanges, rules on rows of crypto assets that are allowed to be traded, to the launch of the Self-Regulatory Organizations (SRO) agency which was inaugurated by CoFTRA to oversee the trading of crypto business actors in order to take place safely and transparently.

A clear regulatory framework from CoFTRA, to infrastructure support from various major banks so that the domestic crypto industry can grow well. I believe that crypto adoption, which now only reaches seven percent of the total population, will continue to grow because its potential is still very large. To support this increase, we will focus on educating the domestic market through an all-in-one crypto application platform that can be used to learn to explore the crypto world," said Timo.

Pintu is a blockchain technology-based company that presents a complete crypto investment feature in Indonesia. The three main features include the Pintu application which focuses on novice investors, including many interesting features, such as Pintu Earn, Limit Order, and Auto Dollar-Cost Averaging (DCA).

The second feature is Web3 Wallet Door a crypto wallet that provides easy access to various crypto assets, collects non-fungible tokens (NFT), interacts with various Decentralized Applications (dApps), the Decentralized Finance (DeFi) platform, to the Decentralized Exchange (DEX). The latest third feature is Pintu Pro with advanced features for Pro traders.

Coinfest Asia 2024 was attended from various countries, such as countries in Europe and the United States (US).

"I see that there is great enthusiasm and interest in learning about the crypto market in Southeast Asia, which has a lot of uniqueness and developed crypto use-cases, such as krypto remittance and the gaming industry," he also said.