CFX Launches Crypto Asset Derivative Products, Expanding Investment Options

Jakarta, 6 September 2024 – PT Central Finansial X (CFX), the only government-regulated crypto exchange in Indonesia, has reaffirmed its commitment to providing innovative investment solutions with the launch of their first crypto derivative product. This product is specifically designed to meet the growing needs of the market, giving investors greater flexibility and control in managing their portfolios.

In line with this product launch, CFX also officially handed over the Exchange Member Approval Letter (SPAB) to three brokers who have successfully fulfilled all the conditions set. The three brokers, namely PT PG Berjangka, PT Jalatama Artha Berjangka, and PT Pasar Forex dan Komoditi Berjangka, will become strategic partners in facilitating trading in derivative products in Indonesia. In addition, there are a total of 7 brokers who are in the process of fulfilling the applicable provisions and are expected to get SPAB in the near future. 

CFX President Director Subani, emphasized that the launch of derivative products is an important milestone in CFX’s journey to continue advancing the crypto industry in the country. This step reflects CFX’s commitment in bringing innovation to the Indonesian crypto market. With this product, CFX hopes 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 give investors a sense of security and trust in every transaction they make,” said Subani.

Subani also explained that derivatives are investment instruments whose value depends on the value of the underlying asset, in this case, crypto assets. These derivatives allow market participants to conduct leveraged transactions, which can increase both profit potential and risk. In a more specialized sense, derivatives have a derivative effect, as the profit opportunity will depend on the performance of the asset in the spot market. 

“Derivative products in the crypto ecosystem offer investors the opportunity to hedge against crypto price volatility, or even speculate on price movements. This provides more flexibility in their investment strategy,” he added.

The launch of this derivative product has the full support of the Commodity Futures Trading Supervisory Agency (Bappebti). Head of Bappebti Kasan, stated that the presence of crypto derivative products is a positive development in the crypto industry in Indonesia, given the high market demand that has developed so far. He emphasized that the crypto asset derivative products being traded have met the aspects of a strong legal basis in accordance with the regulations set by the government.

“We realize that the market demand for crypto derivative products has increased significantly in recent times. However, we also understand the importance of ensuring that every product launched has a strong regulatory basis. With this product, we are finally able to fulfill this need in a structured and safe way, in accordance with the standards set by Bappebti,” said Kasan, who also emphasized that this decision was taken with careful consideration to protect the interests of all parties.

“With strong regulations and strict supervision, we are confident that this product will not only provide attractive investment opportunities, but also protect the interests of investors from potential unwanted risks,” Kasan said. Bappebti will continue to oversee the implementation of this product to ensure that all parties involved, both brokers and investors, operate in a safe and secure environment.

Kasan also added that Bappebti will continue to monitor and ensure that all brokers involved in trading these derivative products comply with the standards that have been set, so as to protect the interests of investors and maintain market stability.

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 controls and compliance with applicable regulations, and synergize with authorities to maintain market integrity. Through this approach, CFX aims to create a trusted investment environment where investors can capitalize on opportunities in the crypto industry with the confidence that their transactions are protected and supervised to the highest standards.

Tentang CFX

PT Central Finansial X (CFX), didirikan pada tahun 2023, merupakan bursa berjangka kripto yang diatur oleh pemerintah yang berkomitmen untuk memajukan pasar aset digital di Indonesia. Dengan misi membangun infrastruktur yang aman, memastikan kepatuhan regulasi, dan mendorong inovasi, CFX bertujuan untuk memimpin industri dengan menciptakan ekosistem aset digital yang aman, inovatif, dan inklusif.

Informasi lebih lanjut hubungi:
Rimba Laut
rimba.laut@cfx.co.id

CFX Indonesia

CFX Tower 8th Floor Jl. Gatot Subroto No. 35-36, RT 6 / RW 3, East Kuningan, Setiabudi, South Jakarta, Indonesia 12950