JAKARTA, Aug 29 (Reuters) – Indonesia's biggest tech firm PT GoTo Gojek Tokopedia Tbk (GoTo) entered cryptocurrency business by acquiring local crypto exchange PT Kripto Maksima Koin in a bid to diversify its services, GoTo said in a statement.
GoTo acquired 100% shares of PT Kripto Maksima Koin for 124.84 billion rupiah ($8.38 million), it said in the statement to stock exchange regulator on Monday.
The tech firm, which raised $1.1 billion in an IPO earlier this year, said in a statement to Reuters that the deal was part of its goal to become "a diverse money management hub". read more
“We believe that blockchain technology may play a mainstream role in the future of finance," GoTo said in the statement late Monday.
The tech firm, however, did not disclose further plans for the newly acquired entity.
PT Kripto Maksima Koin is among the 25 crypto exchanges that have been granted licenses by the Indonesia's Commodity Futures Trading Regulatory Agency, known as Bappebti.
Cryptocurrency has gained its popularity in the Southeast Asia's biggest economy with total transaction volume of the crypto assets in 2021 up more than 1,000% at 859.4 trillion rupiah ($57.70 billion) compared to a year earlier, according to the agency's data.
($1 = 14,895.0000 rupiah)
Our Standards: The Thomson Reuters Trust Principles.
Tesla founder Elon Musk said on Monday he aimed to get self-driving Teslas ready by year-end and hopes they could be in wide release in the United States and possibly in Europe, depending on regulatory approval.
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.
Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology.
The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs.
The industry leader for online information for tax, accounting and finance professionals.
Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile.
Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts.
Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks.
All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays.
© 2022 Reuters. All rights reserved
Related Posts
