Indonesia’s Ajaib Kripto Witnesses Tenfold Surge in Bitcoin Trading Volume

Indonesia’s Ajaib Kripto Witnesses Tenfold Surge in Bitcoin Trading Volume

by March 14, 2024

Ajaib Kripto, the crypto trading application developed by Indonesian investment technology unicorn Ajaib, has announced a significant surge in its Bitcoin trading volume, marking a tenfold increase since the beginning of Q4 2023.

According to the company, this development coincides with Bitcoin reaching new all-time highs and the approach of the anticipated Bitcoin halving event.

Parent company Ajaib has played a significant role in the platform’s success, having raised over US$153 million in funding from notable investors in the cryptocurrency space, including Ribbit Capital, Y Combinator, and DST Global. These investors are known for supporting other significant companies in the crypto and technology sectors, such as Coinbase, Fireblocks, and OpenSea.

Indonesia has emerged as a significant player globally, with over 18 million crypto investors. This is according to the Indonesia Commodity Futures Trading Authority, ranking the country the seventh-largest crypto market globally.

“In the past five months, the demand for Bitcoin from our customers has been truly remarkable. Investors are flocking to Ajaib Kripto for its ease of use, affordability, and most importantly, its reputation for reliability during this exciting time in the crypto market. Both novice and experienced investors are seeking a trustworthy platform that simplifies crypto investing and makes it accessible to everyone,”

said Adrian Sudirgo, CEO of Ajaib Kripto.

Featured image credit: Edited from Ajaib