Why This Indonesian Tech Giant Bough Crypto Exchange For $8 million

Why This Indonesian Tech Giant Bough Crypto Exchange For $8 million

Per a report from Reuters, Indonesia’s largest digital economy platform GoTo purchased the crypto exchange PT Kripto Maksima Koin. The company has been making efforts to expand and diversify its services after recording important growth in the first half of 2022.

According to the report, PT Goto Gojek Tokopedia Tbk (GoTo) acquired 100% of shares from the crypto exchange. The digital platform paid $8,4 million for the acquisition.

PT Kripto is one of the 25 crypto exchange platforms with a license from Indonesia´s Commodity Futures Trading Regulatory Agency. Its acquisition could be part of a bigger strategy to integrate a blockchain and digital asset business into its structure, a spokesperson for GoTo told Reuters:

 

0.00 avg. rating (0% score) - 0 votes