Tokocrypto reportedly has more than 400,000 active users monthly. The total number of mobile apps downloaded has reached 4 million in the first half of 2023.
Heaptalk, Jakarta — Indonesia-based crypto trading platform, Tokocrypto, has recorded trading transactions volume up to US$300 million monthly throughout the first half of 2023.
This startup’s market share also demonstrated significant increase throughout 2022. Based on the CoinGecko research in June 2023, Tokocrypto recorded a surge in its market share, reaching 43% as of June 2023, compared to early 2022 of 23.4%. The CoinMarketCap also revealed this crypto trading platform leads the top position compared to its other two competitors throughout June 2023.
Moreover, this crypto platform has carried out its responsibilities as an entity that imposes taxes on crypto-asset transactions. According to the company’s internal data, the total amount of tax deposited to Indonesia’s Directorate General of Taxes (DJP) of the Ministry of Finance from user transactions reached Rp42.4 billion from January to May 2023.
“Tokocrypto’s main focus is building a powerful business strategy regarding trading volume in the local market. We have redirected our fundamental business, demonstrated by the profit outcome in the early few months of this year. As a result, we are on track to achieve our objectives,” affirmed the CEO of Tokocrypto, Yudhono Rawis.
Successfully attracting over 27,000 people in 22 cities in the archipelago, the platform contains various aged portions. The company recorded users aged between 18 – 30 (56.7%), 31 – 45 (33.9%), and 46 – 55 (9.4%), with the majority of users in Greater Jakarta, Java, and Bali.
To improve user convenience and experience, Tokocrypto also launched new features, including Profit and Loss, Proof of Tax, Easy Buy/Sell, 24/7 Live Chat customer service, Price Alert, and the launch of IDR. Tokocrypto also continues to proffer its registered crypto-asset, with 350 tradable assets. With its variety of preferences, users can easily arrange a portfolio that suits their investment goals.
This crypto-asset startup also released an accurately audited Proof of Reserve (PoR) to increase security and transparency. In this way, Tokocrypto can ensure its users that their funds are deposited 1:1 intact and can be verified.
“In its enhancement, Tokocrypto has more than 400,000 active users every month. As of the first half of 2023, the total number of mobile apps downloaded has reached 4 million since its launch,” The CMO of Tokocrypto, Wan Iqbal, said.
Welcoming the second quarter (Q2) of 2023, CEO Yudho emphasized the company will continue to improve communication with customers and the market. Besides, the team will also collaborate with financial institutions and other sectors, such as banking, e-commerce, media groups, food and beverage.
