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Will Tokocrypto maintain its 43% market share by the end of 2024?
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Official market share reports from Indonesia's Commodity Futures Trading Regulatory Agency (Bappebti) or independent market analysis firms
Story
Tokocrypto Secures PFAK License in Indonesia, TKO Token Surges, User Base Exceeds 4.5 Million
Sep 9, 2024, 12:04 PM
Tokocrypto, a subsidiary of Binance, has secured a Physical Crypto Asset Trader (PFAK) license from Indonesia's Commodity Futures Trading Regulatory Agency (Bappebti). This makes Tokocrypto the third crypto exchange in Indonesia to obtain such a license. The license allows Tokocrypto to engage in physical crypto asset trading, enhancing its operational capabilities in Indonesia's growing crypto market. Tokocrypto's user base has exceeded 4.5 million, and it holds a 43% market share, making it the largest crypto exchange in the country. The announcement has also led to a surge in Tokocrypto's native token, TKO, which has risen by 12% in a day and nearly 23% over the month.
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