CFX Exchange Launches Crypto Asset Derivatives Products”/>
CRYPTO FUTURES EXCHANGE PT Bursa Komoditi Nusantara (CFX) launched its first product, namely Crypto Asset Derivative Products, to expand investment options and meet the needs of the growing market.
CFX President Director Subani, in an official statement, quoted Monday (9/9), emphasized that the launch of derivative products is an important milestone in CFX’s journey to continue advancing the crypto industry in Indonesia.
These derivative products are expected to encourage wider adoption of crypto assets among investors, while strengthening
the foundation of a well-regulated and globally competitive crypto market in Indonesia.
“With this derivative product, we not only provide wider investment options for investors, but also ensure that all trading activities are carried out in accordance with applicable regulations. We want to provide a sense of security and trust to investors in every transaction they make,” said Subani.
In line with the launch of this product, CFX also officially submitted the Exchange Member Approval Letter (SPAB) to three brokers who have successfully fulfilled all the provisions set, namely PT PG Berjangka, PT Jalatama Artha Berjangka, and PT Pasar Forex and Komoditi Berjangka.
Derivative products are investment instruments whose value depends on the value of the underlying asset, in this case a crypto asset.
Read also: The Value of Crypto Asset Transactions Rises Open Innovation Opportunities
These derivative products allow market participants to transact with leverage, which can increase potential profits as well as risks.
“Derivative products in the crypto ecosystem offer investors the opportunity to hedge against crypto price volatility, or even maximize profits from price movements. This provides more flexibility in their investment strategy,” said Subani.
The launch of this derivative product, according to CFX, has received support from the Commodity Futures Trading Regulatory Agency (Bappebti).
Read also: Indonesia Becomes Key Player in Crypto Industry in Southeast Asia
Quoted from the official statement of CFX, Head of Bappebti Kasan emphasized that the existence of derivative products is a positive development in the crypto industry in Indonesia. This is considering the high market demand that has been growing so far in the country.
“We realize that market demand for crypto asset derivative products has increased in recent times. However, we must also understand the importance of ensuring that every crypto asset product launched has a strong regulatory foundation. With the presence of this product, market needs can be met in a structured and safe manner, in accordance with the standards set by Bappebti,” said Kasan.
Bappebti will also continue to monitor the implementation of these crypto asset derivative products to ensure that all parties involved, both traders and the public/investors, are on the right track and in a safe and protected environment.
Also read: CFX Exchange Embraces Crypto Asset Traders to Strengthen Ecosystem
Business actors must also ensure that they comply with the established standards, so that they can protect the interests of investors and maintain market stability in the country.
With the presence of this derivative product, CFX, as a Self-Regulatory Organization (SRO), is committed to ensuring that the crypto ecosystem in Indonesia develops in a safe, innovative, and transparent manner. CFX will continue to strengthen internal supervision and compliance with applicable regulations, and work closely with authorities to maintain market integrity.
The establishment of the crypto exchange was stipulated through the Decree of the Head of Bappebti Number 01/BAPPEBTI/SP-BBAK/07/2023 dated July 17, 2023 concerning Approval as a Crypto Asset Futures Exchange to PT Bursa Komoditi Nusantara or Commodity Future Exchange (CFX). (Ant/Z-1)
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Table of Contents
Indonesia’s Crypto Market Takes a Significant Leap with CFX’s Launch of Crypto Asset Derivative Products
In a significant development, Indonesia’s crypto market has taken a major leap forward with the launch of Crypto Asset Derivative Products by CFX (Crypto Futures Exchange), a Self-Regulatory Organization (SRO) established by the Ministry of Trade Indonesia (Kemendag) in July 2023 [[1]]. This move is expected to expand investment options and meet the growing demands of the market.
A Well-Regulated and Globally Competitive Crypto Market
The launch of derivative products is a significant milestone in CFX’s journey to continue advancing the crypto industry in Indonesia. These products are expected to encourage wider adoption of crypto assets among investors while strengthening the foundation of a well-regulated and globally competitive crypto market in Indonesia [[2]]. CFX President Director Subani emphasized that the launch of derivative products provides wider investment options for investors and ensures that all trading activities are carried out in accordance with applicable regulations, providing a sense of security and trust to investors in every transaction they make.
Regulatory Landscape
Indonesia has been proactive in regulating the trading of crypto assets, initially governed by Law Number 32 of 1997 on Commodity Futures Trade [[2]]. The country’s regulators have declared that the trading of crypto assets, like Bitcoin and Ethereum, are recognized as a commodity asset class [[3]]. The Commodity Futures Trading Regulatory Agency (Bappebti) has been supportive of the launch of derivative products, recognizing the high market demand for these products. Head of Bappebti Kasan emphasized the importance of ensuring that every crypto asset product launched has a strong regulatory foundation.
Derivative Products
Derivative products are investment instruments whose value depends on the value of the underlying asset, in this case, a crypto asset. These products allow market participants to transact with leverage, which can increase potential profits as well as risks. According to Subani, derivative products in the crypto ecosystem offer investors the opportunity to hedge against crypto price volatility or even maximize profits from price movements, providing more flexibility in their investment strategy.
Support and Monitoring
The launch of derivative products has received support from Bappebti, which will continue to monitor the implementation of these products to ensure that all parties involved, both traders and the public/investors, are on the right track and in a safe and protected environment. Business actors must also ensure that they comply with the established standards to protect the interests of investors and maintain market stability in the country.
CFX’s Commitment
With the presence of this derivative product, CFX, as an SRO, is committed to ensuring that all trading activities are carried out in accordance with applicable regulations, providing a sense of security and trust to investors in every transaction they make.
the launch of Crypto Asset Derivative Products by CFX marks a significant milestone in Indonesia’s crypto market, providing investors with wider investment options and a well-regulated environment to operate in. As the crypto market continues to grow in Indonesia, it is essential that regulatory bodies and market actors work together to ensure a safe and stable environment for all involved.
References:
Bitcoin scammer list
CFX: Unlocking Crypto Opportunities in Indonesia
The crypto landscape in Indonesia has taken a significant step forward with the launch of Crypto Asset Derivative Products by CFX, a prominent crypto futures exchange. This milestone marks a crucial development in the country’s crypto industry, offering a wider range of investment options and strengthening the foundation of a well-regulated and globally competitive crypto market.
What are Crypto Asset Derivative Products?
Derivative products are investment instruments whose value depends on the value of the underlying asset, in this case, a crypto asset. These products allow market participants to transact with leverage, increasing potential profits as well as risks. By introducing derivative products, CFX aims to provide investors with more flexibility in their investment strategy, enabling them to hedge against crypto price volatility or maximize profits from price movements.
Benefits of Crypto Asset Derivative Products
The launch of derivative products is expected to encourage wider adoption of crypto assets among investors, while strengthening the foundation of a well-regulated and globally competitive crypto market in Indonesia. CFX President Director Subani emphasized that the introduction of these products will not only provide wider investment options for investors but also ensure that all trading activities are carried out in accordance with applicable regulations, thereby providing a sense of security and trust to investors in every transaction they make.
Regulatory Support and Approval
The launch of these derivative products has received support from the Commodity Futures Trading Regulatory Agency (Bappebti), highlighting the agency’s commitment to ensuring that every crypto asset product launched has a strong regulatory foundation. Bappebti will continue to monitor the implementation of these crypto asset derivative products to ensure that all parties involved, both traders and the public/investors, are on the right track and in a safe and protected environment.
Partnership and Expansion
In line with the launch of this product, CFX has officially submitted the Exchange Member Approval Letter (SPAB) to three brokers who have successfully fulfilled all the provisions set, namely PT PG Berjangka, PT Jalatama Artha Berjangka, and PT Pasar Forex and Komoditi Berjangka. This partnership is expected to expand the reach of CFX and provide more opportunities for investors to engage with the crypto market.
Conflux Network: Building a Multi-Chain Ecosystem
While CFX is focused on advancing the crypto industry in Indonesia, another project, Conflux Network, is working towards building a multi-chain ecosystem to enable creators, communities, and markets to connect globally across borders and protocols. Conflux Network aims to create a seamless and interoperable ecosystem, allowing different blockchain networks to interact and exchange value. The Conflux token (CFX) is available on various centralized exchanges, including Binance, Bitget, OKX, KuCoin, and CoinEx.
Conclusion
The launch of Crypto Asset Derivative Products by CFX marks a significant milestone in the development of Indonesia’s crypto industry. With regulatory support and approval, CFX is committed to ensuring that the crypto ecosystem in Indonesia develops in a safe, innovative, and transparent manner. The introduction of derivative products is expected to encourage wider adoption of crypto assets, providing investors with more flexibility and opportunities in their investment strategy. As the crypto landscape in Indonesia continues to evolve, projects like Conflux Network are working towards building a more interconnected and global crypto ecosystem.
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Keywords: CFX, Crypto Asset Derivative Products, Indonesia, Conflux Network, Bappebti, Crypto Futures Exchange, PT Bursa Komoditi Nusantara, Crypto Industry, Blockchain, Derivative Products, Investment Options, Regulatory Approval.