Great Potential Crypto Derivatives, Tokocrypto Is Reviewing Existing Opportunities

Illustration of crypto assets (photo: ANTARA)

JAKARTA - Head of the Kasan Commodity Futures Trading Supervisory Agency (CoFTRA), is optimistic about the potential for crypto derivative trading in Indonesia. Because according to him, derivatives can encourage a fivefold increase in crypto asset transactions.

Because with the investment flexibility offered, Kasan believes this derivative instrument will open up more opportunities for investors to participate in the crypto market, especially in the midst of current market volatility.

Seeing this potential, Tokocrypto as Indonesia's leading crypto exchange said that they are in the assessment stage to launch derivative products on its platform.

We are currently reviewing the possibility of offering derivative products on our platform. The main consideration in this process is complying with the regulations set by CoFTRA and ensuring that all the products we offer are in accordance with applicable legal and security standards," said CMO Tokocrypto Wan Iqbal.

Through this study, Tokocrypto strives to ensure that they are able to provide enough education and resources to help users understand how this product works as well as the risks involved.

"We want to make sure that all the features and products offered on Tokocrypto can provide added value and a safe experience for users," he added.

According to Iqbal, Tokocrypto is committed to managing risks carefully and providing innovative products, but still safe and transparent.

The decision to launch derivative products will be made after a comprehensive study of regulations, market demand, and platform readiness in managing these risks.