Heaptalk, Jakarta — Indonesia’s crypto exchange startup Tokocrypto has unveiled two new features, including Instant Trade and IDR Pair, to increase the adoption of crypto assets in Indonesia and provide a more efficient trading experience.
“This feature allows users to buy and sell crypto assets quickly and easily without waiting long to realize an order. When opportunities arise, users can take immediate action, making trading efficient and effective in responding to the rapidly changing crypto market,” The Chief Marketing Officer (CMO) of Tokocrypto, Wan Iqbal, affirmed.
In more detail, Tokocrypto’s Instant Trade is a feature designed to maximize the speed and ease of users in carrying out crypto asset buying and selling transactions, with more than 340 coins/tokens available to be traded.
On the other hand, Indonesia’s crypto trading startup also augments the IDR Pair feature to integrate the Indonesian Rupiah (IDR) as a fiat currency in its trading platform. With the IDR listing feature, users can make deposits and withdrawals using the Rupiah to simplify their access to the market in this industry.
“We also provide the Easy and Sell feature to complete the user experience of buying the crypto asset directly using IDR. We will continue to ensure a smoother trading experience that aligns with applicable regulations,” added Iqbal.
According to the company, crypto has elevated significantly since early this year. On the other hand, Bitcoin prices have also increased by 38% in the last six months and 123% since the start of the year, compared to an average price of US$16,600 on January 1st, 2023.
With high optimism regarding the upcoming Bitcoin Spot Exchange-Traded Fund (ETF) launch and the halving event scheduled in 2024, multiple parties consider the crypto bull run moment a forthcoming reality. This trend allows the market to remain uptrend in the short to medium term.
Impressive growth of Tokocrypto
Tokocrypto has recorded significant growth this year. According to the company, this platform’s crypto asset transactions have increased substantially, with trading volume surging by more than 10% in October MoM.
Amidst unpredictable market fluctuations, Tokocrypto continues to adapt to market changes and focus on its long-term vision. By demonstrating a rapid development to achieve profitability, this crypto asset investment startup also possessed more than 3.5 million users and 4 million application downloads as of the third quarter (Q3) 2023.
“Our growth will not halt at developing features and services. We are optimistic that crypto assets will continue to enhance in the archipelago. For this reason, we will continue to innovate and advance new products and amplify strategic affiliation to achieve sustainable profitability,” Iqbal said in his statement.
