Ajaib Kripto recently announced that it has officially obtained a license as a Physical Crypto Asset Trader (PFAK) from the Commodity Futures Trading Regulatory Agency (Bappebti).
In a statement released on Tuesday (October 2, 2024), Ajaib Kripto’s CEO, Adrian Sudirgo, expressed that this achievement marks a strategic step for the company to focus on developing its crypto investment platform in Indonesia.
The company’s development efforts include enhancing platform security, innovating products and services, customer education programs, and collaborating with various stakeholders in the crypto industry.
“We are deeply grateful to Bappebti and all parties for the trust placed in Ajaib Kripto through the granting of this PFAK license. This achievement reflects our commitment to providing a safe, convenient, and reliable crypto investment platform for millions of users in Indonesia,” Adrian stated.
He also emphasized that the PFAK license represents clear regulations and strict oversight of the crypto industry, which is expected to increase public trust in crypto assets in Indonesia. Adrian remains committed to continuing innovations that ensure the safety and comfort of Ajaib Kripto’s customers.
Support from Indonesian Regulators
Ajaib Kripto’s accomplishment has received support from various parties, including Bappebti’s Head, Tirta Karma Sanjaya, who expressed his hope that Ajaib Kripto will continue to uphold the trust of its customers and the public while contributing to the growth of the domestic crypto industry.
Furthermore, CFX’s President Director, Subani, revealed that Ajaib Kripto’s achievement is a significant milestone for the national crypto sector.
“We hope that this achievement will boost public confidence and spur sustainable innovation and growth in the crypto industry,” Subani added.
Ajaib Kripto now joins three other local crypto exchanges that have received PFAK licenses, including Pintu, Pluang, and Tokocrypto.
Rapid Growth at Ajaib Kripto
Ajaib Kripto’s success in obtaining the PFAK license is backed by the platform’s significant growth over the past year. The number of users purchasing Bitcoin, as well as the total transaction value, has surged nearly sevenfold, while the volume of Bitcoin purchased has increased by 3.4 times.
Since its inception, Ajaib has raised over US$243 million (approximately IDR 3.7 trillion) from global investors in the crypto industry, including Ribbit Capital, Y Combinator, and DST Global. These investors also support major companies like Coinbase, Fireblocks, and OpenSea.
This growth aligns with the rapid expansion of the crypto market in Indonesia, where Bappebti reports that crypto investors reached 20.24 million as of June 2024. This high level of interest has propelled Indonesia to the third position globally in crypto adoption this year, according to data from Chainalysis.
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