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Tokocrypto is the first cryptocurrency exchange in Indonesia and is co-founded by 30-year-old Pang Xue Kai, who is a Singaporean.

Jacky Yap  |  SG
Published 2021-06-24 15:33:34
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One of the biggest theme of 2021 is definitely cryptocurrency.

With news of bitcoin, the largest cryptocurrency by market capitalisation hitting a high of US$65,000 per bitcoin back in April, along with new developments with non-fungible tokens (NFTs) and decentralised finance (DeFi), more people are getting acquainted with cryptocurrency.

To purchase cryptocurrency, one usually has to do so via an cryptocurrency exchange. Starting one is not easy, however.

On top of needing the liquidity, which refers to the ability to allow users to instantly buy and sell their cryptocurrency, you would also need to ensure that you fulfil the regulatory requirements of the country you operate in, especially in a country like Indonesia.

This is what makes the story of Tokocrypto such an interesting story to share. It is the first cryptocurrency exchange in Indonesia and is co-founded by 30-year-old Pang Xue Kai, who is a Singaporean.

 
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