GoTo Gojek Tokopedia Tbk (GoTo) acquires local crypto exchange PT Kripto Maksima Koin to diversify its services and enter the cryptocurrency market. GoTo informed the stock market regulator that it had purchased all of PT Kripto Maksima Koin’s shares for 124.84 billion rupiahs ($8.38 million), according to a statement on Monday. “We believe that blockchain technology may play a mainstream role in the future of finance,” JUST IN: 🇮🇩 Indonesia's largest tech company, GoTo, purchases #cryptocurrency exchange Kripto Maksima Koin. — Watcher.Guru (@WatcherGuru) August 30, 2022 GoTo Group Announced Considerable Losses GoTo Group announced a more considerable operating loss for the second quarter, a setback in its attempt to persuade investors of its viability. The Jakarta-based company reported a Pro-forma loss of 3.9 trillion rupiahs compared to an adjusted loss before interest, taxes, depreciation, and amortization of 4.14 trillion rupiahs ($279 million) on Tuesday. Pro-forma gross sales increased by 45% to 5.5 trillion rupiahs, indicating increased demand online. Earlier this year, the tech company collected $1.1 billion in an IPO and stated that the deal was a step toward becoming “a diverse money management center.” Indonesia’s Commodity Futures Trading Regulatory Agency However, the IT company did not reveal any further plans for the recently purchased corporation. One of the 25 cryptocurrency exchanges given licenses by Indo...
