Binance’s Indonesian CEX Tokocrypto Obtains Physical Crypto Asset Trader License

BlockBeats reported that on September 9, Binance's Indonesian cryptocurrency trading platform Tokocrypto has obtained a physical crypto asset trader (PFAK) license issued by the Indonesian Commodity Futures Trading Regulatory Authority (Bappebti), demonstrating its commitment to regulatory compliance and building investor trust.

The PFAK license allows Tokocrypto to operate as a physical crypto asset trader, marking an important milestone in the development of Indonesia's Web3 industry.

Tokocrypto's user base has exceeded 4.5 million this year, with an average monthly trading volume growth of 138%.