Why This Indonesian Giant Bought A Crypto Exchange For $8M | Crypto

Why This Indonesian Giant Bought A Crypto Exchange For $8M

-Indonesias 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.
-The company is yet to announce future plans to acquire other platforms.
-In total, the Goto Group has recorded over $22 billion in Gross Transaction Value, 1.8 billion transactions, and 11 million merchant partners.
-In Southeast Asia, the adoption of digital assets has been significant.
-Data from Reuters claims that transaction volume for digital assets skyrocketed by over 1,000% in 2021 alone reaching over $57 billion compared to 2020.
-In a recent report, GoTo reported a 39% gross transaction value (GTV) compared to 2021.
-At the same time, the company was able to increase its gross revenue by 45% and its number of users by 28% to record 67 million users.

coin g9a1f479e5 1280 Why This Indonesian Giant Bought A Crypto Exchange For $8M

Leave a Reply

%d bloggers like this: