Will tokocrypto's CEO step down?

Tokocrypto's CEO will step down and 58% of staff will be laid off as part of the deal, says Tokocrypto spokesperson. Binance has finalized its acquisition of Tokocrypto, according to a press release sent to CoinDesk Indonesia. “Tokocrypto came from our brainchild more than four years ago.

Is tokocrypto regulated by bappebti?

Tokocrypto is the first crypto asset trader in Indonesia that is regulated by Bappebti, the country’s commodity regulator. The company confirmed that the Tokocrypto branding will remain the same. Yudhono Rawis, Tokocrypto’s interim CEO, said that given the “uncertain macroeconomic conditions” the company will need to engage in downsizing.

Why did tokocrypto start in Indonesia?

A graduate of the National University of Singapore, Kai recognises that there is an opportunity to leverage on this arbitrage opportunity. He then started Tokocrypto in Indonesia so that investors can have access to better rates on its exchange. We started off as a broker-style exchange, similar to Coinbase.

Will tokocrypto go public?

Tokocrypto's CEO indicated it plans to go public in two to three years. Tokocrypto, Indonesia's first regulated crypto exchange, is eyeing a public market listing in the next two to three years. According to CEO Pang Xue Kai, Tokocrypto is profitable. It needs to remain so for at least two years before listing, DealStreetAsia reported Wednesday.