Tokocrypto Records 40 Percent Transaction Growth In The Last Two Quarters Of 2023

Tokocrypto noted positive growth (photo: Tokocrypto)

JAKARTA - The year 2023 is a turning point for the crypto industry, where the industry is recovering after facing a crypto winter period in 2022, resulting in Bitcoin experiencing a 75 percent correction from its peak price in 2021.

However, data from CoFTRA stated that the value of crypto transactions in Indonesia in October 2023 reached 104.9 trillion rupiah, with the number of investors increasing to 18.06 million.

However, this figure is still lower than the same period in 2022, where transactions reached IDR 306.4 trillion.

However, despite the challenges in the market, Tokocrypto remains in a healthy, stable, and profit company condition. Transactions on this platform rose 40 percent in the last two quarters of 2023, including an increase in the number of active traders and new users.

"This shows that the company has been able to overcome industrial challenges and achieve sustainable growth and profitability," the company wrote in a statement, quoted Friday, December 29.

Recent data shows that the number of users registered with Tokocrypto has reached more than 3.2 million investors with Tokocrypto transactions in the past year has also shown a positive trend.

Along with the crypto market starting to grow again, Tokocrypto recorded growth with a daily volume trading average of more than approximately 18,000 US dollars (Rp277 million) per day.