Indonesian crypto exchange TRIV has launched a new feature allowing traders to engage in crypto futures trading.
This feature, called TRIV Crypto Futures, provides traders with access to perpetual contracts on major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). Users can leverage their positions up to 25 times, increasing potential returns while adhering to local trading standards.
TRIV claimed that the new futures trading feature is fully regulated. It operates under the supervision of Indonesian financial regulators, including the Commodity Futures Trading Supervisory Agency (Bappebti), the Indonesian Crypto Exchange (CFX), and the Jakarta Futures Exchange (JFX).
The exchange’s CEO, Gabriel Rey, emphasized that the launch was driven by growing demand among Indonesian traders. He assured users that TRIV Crypto Futures complies with stringent security measures set by regulatory bodies, ensuring a safe and transparent trading environment.
“[…] Users don’t have to worry about security, because this feature is officially authorized according to Indonesian regulations,”
Rey said in a statement as quoted by local media outlet Kompas
Notably, the exchange joins other local platforms, including PINTU and PLUANG, which introduced similar offerings in late 2024 to capitalize on the boom in the local market.
Indonesia’s cryptocurrency market saw explosive growth in 2024, with transaction volumes reaching $30 billion by October, representing a 352% increase from $6.5 billion the previous year. The number of crypto traders in Indonesia rose to 21 million, with 716,000 actively trading on local exchanges.
Meanwhile, the Indonesian government has yet to finalize the transfer of crypto oversight from Bappebti to the Financial Services Authority (OJK), as required by the Financial Sector Law. Initially scheduled for January 12, 2025, the transition was reportedly delayed due to the lack of supporting government regulation. However, OJK Chairman Mahendra Siregar has stated that a draft regulation is being prepared. He noted that discussions with the Trade Ministry are ongoing, emphasizing that this regulatory framework is essential for a smooth transition.
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