Indonesia’s biggest tech firm enters crypto with purchase of local exchange
GoTo Gojek Tokopedia (GOTO), Indonesia’s biggest tech company, has entered the cryptocurrency market with the purchase of local crypto exchange Kripto Maksima Koin. GoTo paid 124.84 billion rupiah ($8.38 million), according to Reuters.
The tech firm, which raised $1.1 billion in an IPO earlier this year, said in a statement to Reuters that the deal was part of its goal to become “a diverse money management hub.”