{"id":488941,"date":"2022-08-30T15:00:00","date_gmt":"2022-08-30T12:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/indonesian-e-commerce-giant-buys-local-crypto-exchange-for-8-million\/"},"modified":"2022-08-30T15:00:00","modified_gmt":"2022-08-30T12:00:00","slug":"indonesian-e-commerce-giant-buys-local-crypto-exchange-for-8-million","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/indonesian-e-commerce-giant-buys-local-crypto-exchange-for-8-million\/","title":{"rendered":"# Indonesian e-commerce giant buys local crypto exchange for $8 million"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a28a37c7d518\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a28a37c7d518\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/indonesian-e-commerce-giant-buys-local-crypto-exchange-for-8-million\/#%E2%80%9D_Indonesian_e-commerce_giant_buys_local_crypto_exchange_for_8_million_%E2%80%9C\" >&#8221; Indonesian e-commerce giant buys local crypto exchange for $8 million  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Indonesian_e-commerce_giant_buys_local_crypto_exchange_for_8_million_%E2%80%9C\"><\/span>&#8221; Indonesian e-commerce giant buys local crypto exchange for $8 million  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDgvNDU1ZDUxYzQtMjU2MC00N2FmLTk4NGUtYjgyNWZkNWFlNTY2LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-3511d6da>Indonesian tech company PT GoTo Gojek Tokopedia Tbk (GoTo) bought PT Kripto Maksima Koin,\u00a0a local crypto exchange, in a bid to diversify its assets. The deal makes a landmark in the merging of mainstream and crypto in the fourth most populated country in the world.\u00a0<\/p>\n<p>As <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/technology\/indonesias-tech-firm-goto-buys-local-crypto-exchange-84-mln-2022-08-29\/\">reported<\/a> by Reuters, the sum of the acquisition of 100% shares by the country\u2019s \u201cbiggest tech firm\u201d came to 124.84 billion rupiahs ($8.38 million). The deal was finalized on Aug. 25, according to Indonesian <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.suara.com\/bisnis\/2022\/08\/30\/093901\/goto-akusisi-saham-perusahaan-pt-kripto-maksima-koin-kmk\">media<\/a>. <\/p>\n<p>GoTo didn\u2019t reveal any specific plans for PT Kripto Maksima Koin\u2019s further development, but in an official statement, its representatives explained a deal as part of its effort to &#8220;a diverse money management hub.&#8221;<\/p>\n<p>PT Kripto Maksima Koin is one of the 25 crypto platforms licensed by Indonesia&#8217;s Commodity Futures Trading Regulatory Agency (B<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">APP<\/a>EBTI). It received the license relatively recently, on Jan. 28, 2022. <\/p>\n<p>Earlier this year, GoTo, which had been formed as a result of a merge between a local e-commerce leader and an on-demand multi-service platform, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/technology\/indonesias-goto-soars-18-debut-after-11-bln-ipo-2022-04-11\/\">conducted<\/a> its initial public offering (IPO), raising $1.1 billion. <\/p>\n<p><strong><em>Related:<\/em><\/strong> <strong><em>Mastercard partners with crypto gateway to drive financial inclusion in Indonesia<\/em><\/strong><\/p>\n<p>According to Reuters data, in 2021 total transaction volume of the crypto assets in Indonesia rose more than 1,000% compared to 2020, to 859.4 trillion rupiahs ($57.7 billion). Roughly 4% of the country\u2019s population, which is a little under 11 million people, have been investing in crypto. <\/p>\n<p>In recent years, the country saw a rising tide of celebrity coins and non-fungible token (NFT) projects, with regulators\u2019 having to weigh in in a mild manner \u2014 BAPPEBTI has been repeatedly warning the population about the risks of investing in non-registered digital assets, but at the same time, it got along without harsh prosecution, involving even the non-registered providers in a dialogue.\u00a0<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/indonesian-e-commerce-giant-buys-local-crypto-exchange-for-8-million\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Indonesian e-commerce giant buys local crypto exchange for $8 million &#8220; Indonesian tech company PT GoTo Gojek Tokopedia Tbk (GoTo) bought PT Kripto Maksima Koin,\u00a0a local crypto exchange, in a bid to diversify its assets. The deal makes a landmark in the merging of mainstream and crypto in the fourth most populated country in&#8230;<\/p>\n","protected":false},"author":1,"featured_media":488942,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDgvNDU1ZDUxYzQtMjU2MC00N2FmLTk4NGUtYjgyNWZkNWFlNTY2LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74860,117,72673,73711],"class_list":["post-488941","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cryptocurrency-exchange","tag-business","tag-indonesia","tag-investments"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/488941","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=488941"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/488941\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/488942"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=488941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=488941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=488941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}