Indonesia’s Crypto Market Soars: Bappebti Aims for Rp 600 Trillion in Transactions This Year
The growing momentum in cryptocurrency trading has been supported by Bappebti’s efforts to introduce new financial products. One such product is the perpetual futures market, which allows traders to speculate on the price movements of cryptocurrencies and foreign currencies without owning the underlying assets. This innovation is expected to open new opportunities for traders and investors alike.
Senjaya is optimistic that the introduction of perpetual futures will significantly boost Indonesia’s crypto market. He believes that once these products gain wider adoption, they could increase trading volumes by three to four times compared to the current spot market, where assets are traded instantly.
“Even if perpetual futures reach only twice the volume of the spot market, that would already be a remarkable achievement,” Senjaya concluded, emphasizing the potential for exponential growth in Indonesia’s cryptocurrency market. (Uki Ruknuddin)
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