2024-09-10
Tokocrypto is a cryptocurrency exchange platform based in Indonesia, founded in 2018.
On September 9, 2024, Tokocrypto, a
subsidiary of Binance, has obtained a full license as a Physical Crypto Asset
Trader (PFAK) from Indonesia’s Commodity Futures Trading Regulatory Agency,
known as Bappebti.
PFAK allows
Tokocrypto to operate as a physical crypto-asset trader
This makes Tokocrypto the third crypto
exchange to receive such a license in Indonesia.
Tokocrypto’s user base has surpassed
4.5 million in 2024. Yudhono Rawis is
the CEO of Tokocrypto.
This achievement strengthens
Tokocrypto’s position in the Southeast Asian crypto market and ensures
compliance with local regulations Binance acquired Tokocrypto in late
2022, Tokocrypto is a part of the Binance group.
