GoTo Expands Crypto Business After Acquisition of Crypto Exchange Company Worth IDR 124 Billion - Navigasi Berita a -->
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GoTo Expands Crypto Business After Acquisition of Crypto Exchange Company Worth IDR 124 Billion

Navigasi - GoTo began to spread its wings into the cryptocurrency business (cryptocurrency). The indication is that the company resulting from the merger of Gojek and Tokopedia has officially acquired a local crypto exchange company named PT Kripto Maksima Koin.

GoTo Expands Crypto Business After Acquisition of Crypto Exchange Company Worth IDR 124 Billion
GoTo Expands Crypto Business After Acquisition of Crypto Exchange Company Worth IDR 124 Billion


PT Kripto Maksima Koin is one of 25 crypto exchanges that have been licensed by the Indonesian Commodity Futures Trading Regulatory Agency (CoFTRA).

This GoTo corporate action has also been reported in the information disclosure document on the Indonesia Stock Exchange (IDX) website.

Based on the information disclosure document, GoTo has taken over 100 percent or 50,000 shares of PT Kripto Maksima Koin on August 25, 2022. The acquisition value is Rp 124.84 billion.

The majority or 99.98 percent of PT Kripto Maksima Koin's shares will be under the ownership of GoTo's subsidiary, PT Dompet Karya Anak Bangsa (GoPay). Meanwhile, GoTo (PT GoTo Gojek Tokopedia) itself only owns 0.02 percent of PT Crypto Maksima Koin's shares.

Service diversification In documents


information disclosure, GoTo revealed that the acquisition was carried out in order to diversify its company's services. Currently, GoTo is known to have three core businesses, namely Gojek in the superapps sector, GoTo Financial in the financial sector, and Tokopedia in the e-commerce sector.

"The purpose of the transaction is to expand the Company's business activities (GoTo) through the Company's subsidiary (GoPay)," said GoTo.

In addition, in a statement to media outlet Reuters, GoTo also wants to be a "diversified money management center". "We believe that blockchain technology can play a major role in the future of finance," said GoTo, as compiled by KompasTekno from Reuters, Tuesday (30/8/2022), Unfortunately, after this corporate action, neither GoTo nor PT Dompet Karya Anak Bangsa have disclosed any further plans for the newly acquired PT Crypto Maksima Koin company.
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