🇮🇩Binance-backed Crypto Exchange Gets License to Operate in Indonesia

Tokocrypto, part of Binance Group, has just received a full operating license from the Indonesian Commodity Futures Trading Regulatory Agency (Bappebti).

The exchange applied for a license in 2019, but only now, after a rigorous review process, has Tokocrypto officially become the third exchange in Indonesia to be licensed. In addition, there are up to 35 other exchanges in the process of registering with Bappebt.

Tokocrypto currently has more than 4.5 million users and an average monthly trading volume that has increased by 138%. Binance is committed to supporting Tokocrypto in developing the Web3 ecosystem in Indonesia.