Tokocrypto Reaches Landmark with Indonesian Regulatory Approval, Backed by Binance

Tokocrypto, a crypto exchange under the Binance Group, has secured a Physical Crypto Asset Trader (PFAK) license from Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti).

This milestone enables Tokocrypto to operate officially as a licensed crypto trader in Indonesia, reinforcing its commitment to regulatory compliance. Since registering in 2019, the platform has grown to 4.5 million users, with a 138% rise in trading volume by 2024. Supported by Binance, Tokocrypto aims to strengthen its leadership in Indonesia’s crypto market and advance the Web3 ecosystem.

Clever Robot News Desk 10^th September 2024