Heaptalk, Jakarta — Indonesia’s crypto PINTU has introduced Pintu Pro Futures, a new feature that enables the legal and secure trading of cryptocurrency derivatives.
This milestone is achieved in collaboration with a licensed Futures Broker registered under the Commodity Futures Trading Regulatory Agency (CoFTRA) and supervised by the CFX crypto exchange. The platform offers trading on various cryptocurrency assets such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).
Head of Product Marketing at PINTU, Iskandar Mohammad, emphasized, “Derivatives are an attractive investment product for crypto assets, offering unique trading opportunities. Globally, over 100 crypto companies already provide derivative services. The launch of Pintu Pro Futures marks a historic milestone for Indonesia’s crypto industry, offering innovative solutions for investors and traders.”
What are Pintu Pro Futures?
Derivatives are financial instruments whose value depends on underlying assets, such as cryptocurrencies. Futures trading involves buying and selling contracts to trade assets at predetermined prices in the future. In the crypto market, this often takes the form of perpetual futures—contracts with no expiry date. According to data from Coingecko, as of November 11, 2024, global crypto derivative trading reached a staggering US$1.1 trillion, approximately Rp17,237 trillion).
Pintu Pro Futures provides advanced features, including:
- Perpetual futures allow long or short positions without expiry dates.
- Leverage up to five times, enabling users to amplify their trades.
- Comprehensive risk management tools such as margin indicators, auto-close for open orders, and transparent margin calculations to manage liquidation risks effectively.
Iskandar highlighted, “Pintu Pro Futures is designed with advanced features catering to beginner and professional traders. It solidifies PINTU’s position as Indonesia’s first all-in-one crypto application, providing innovative tools for all user levels.”
Regulatory compliance and industry growth
Introducing crypto derivatives in Indonesia is aligned with CoFTRA’s Regulation No. 8 of 2021. These products are offered through the CFX crypto exchange and supported by various self-regulatory organizations (SROs), including a regulated exchange, clearing institution, custodian institution, and licensed futures brokers.
“The Pintu Pro features to enhance the application’s comprehensive features and position PINTU as a pioneer in the domestic market. This initiative aims to tap into the immense potential of crypto derivative trading, much of which has historically occurred outside Indonesia,” Iskandar concluded.
In 2022, PINTU announced its Series B funding round, raising US$113 million. The investment was led by significant investors such as Intudo Ventures, Lightspeed, Northstar Group, and Pantera Capital. This funding is expected to support product development, market expansion, and education on cryptocurrencies in Indonesia.
Before the Series B round, PINTU also raised US$35 million in a Series A+ funding round led by Lightspeed Venture Partners. Several investors participated in this round, including Alameda Ventures, Blockchain.com Ventures, Castle Island Ventures, Intudo Ventures, and Pantera Capital.
