The crypto marketplace in Indonesia is growing

in LeoFinance • 3 years ago

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Crypto asset development trends are busy in the world. Even the Commodity Futures Supervisory Agency or Bappebti has inaugurated crypto asset trading companies, such as Tokocrypto, digitalexchange.id, Triv, or Indodax.

Crypto asset transactions in several companies or marketplaces are considered to be still developing. CEO of Digitalexchange.id Duwi Sudarto Putra assessed that his company is currently still developing to form a positive trend, in line with the global trend of crypto assets itself. "Strategic and technical readiness will determine how much digitalexchange will absorb market demand," he told Kontan, Monday (3/5).

Tokocrypto CEO Teguh Harmanda considered that the current development was quite impressive, especially in the last two months. Meanwhile, Triv CEO Gabriel Rey claims that currently transactions in crypto are booming, Triv is claimed to have increased by more than 100%.

For transaction patterns, currently digitalexchange.id is considered varied, because some are long trading by buying assets, then storing them for the long term. The same thing happened at Tokocrypto. "There are also arbiter groups who take advantage of price differences between exchanges, but the majority use a scalping pattern that trades every day by taking advantage of the price fluctuation of the crypto asset itself," said Duwi.

Meanwhile, Gabriel feels that currently retail in Indonesia is more focused on speculators or short terms, rather than keeping it for the long term, because there are more traders than investors.

At digitalexchange itself, the favorite asset is Aurora (AOA) with a gradual increase, then Tron (TRX), Doge coin (DOGE), and Electroneum (ETN), because currently digitalexchange.id is the only exchange that trades ETN in Indonesia.

In Triv currently the number one volume is occupied by DOGE, and in second place followed by BTC. Whereas in Tokocrypto there are several, such as BNB, Ethereum (ETH), BTC, TKO and so on.