Indonesian tech company PT GoTo Gojek Tokopedia Tbk (GoTo) bought PT Kripto Maksima Koin, a local crypto exchange, in a bid to diversify its assets. The deal makes a landmark in the merging of mainstream and crypto in the fourth most populated country in the world.
As reported by Reuters, the sum of the acquisition of 100% shares by the country’s “biggest tech firm” came to 124.84 billion rupiahs ($8.38 million). The deal was finalized on Aug. 25, according to Indonesian media.
GoTo didn’t reveal any specific plans for PT Kripto Maksima Koin’s further development, but in an official statement, its representatives explained a deal as part of its effort to "a diverse money management hub."
PT Kripto Maksima Koin is one of the 25 crypto platforms licensed by Indonesia's Commodity Futures Trading Regulatory Agency (BAPPEBTI). It received the license relatively recently, on Jan. 28, 2022.
Earlier this year, GoTo, which had been formed as a result of a merge between a local e-commerce...
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