Key facts
- BTSE has launched a regulated cryptocurrency trading platform in Indonesia under the name BTSE Indonesia.
- The platform is a joint venture between BTSE Group and PT Aset Kripto Internasional.
- BTSE Indonesia has obtained a license from Indonesia's Financial Services Authority (OJK) to operate as a Digital Financial Assets and Crypto Assets Trading Operator (PAKD).
- The exchange will offer trading pairs in Indonesian rupiah (IDR) and integrate with local banking and payment systems.
- Future plans include introducing regulated products like crypto futures, pending further regulatory approvals.
BTSE has officially entered the Indonesian regulated cryptocurrency market with the launch of BTSE Indonesia, a joint venture formed with PT Aset Kripto Internasional. The rebranding follows NVX's successful transition, establishing BTSE Indonesia as a licensed Digital Financial Assets and Crypto Assets Trading Operator (PAKD) under Indonesia's Financial Services Authority (OJK).
This collaboration leverages BTSE's global trading platform technology and liquidity with PT Aset Kripto Internasional's local market expertise for customer acquisition, partnerships, marketing, and sales. The new exchange aims to provide enhanced access to digital asset trading services in Indonesia, including Indonesian rupiah (IDR) trading pairs and integration with local banking systems.
Jeff Mei, COO of BTSE Group, highlighted Indonesia's potential as a major cryptocurrency market, emphasizing the need for a blend of global infrastructure and local knowledge, which the joint venture aims to provide. Stephanie Kusnadi, Chief Strategy Officer of BTSE Indonesia, noted that the integration allows the company to utilize global exchange technology while adhering to local regulations and user needs.
The launch aligns with Indonesia's efforts to strengthen oversight of its digital asset sector, including new requirements for social media influencers promoting digital financial assets. BTSE Indonesia is now among a select group of licensed crypto exchanges permitted to offer digital asset trading services in the country, with potential for future regulated products like crypto futures.