Bitcoin.co.id rebrand becomes Indodex to expand marketplace

Bitcoin.co.id officially announces the change in service name from Bitcoin.co.id to Indodax, short for Indonesia Digital Asset Exchange, aims for new positioning for the wider market coverage. The name recognition is not only targeting the domain of their marketplace services, but also the social media accounts that have been used bitcoin.co.id.

The startup exchange of cryptocurrency headquartered in Denpasar hopes that the new face will provide wider coverage, more acceptable to a wide range of people and not just to any one type of cryptocurency. CEO of Bitcoin Indonesia, Oscar Darmawan, said the name transformation is part of the business focus for the development of a growing public blockchain.

Tinuku Bittcoin.co.id rebrand becomes Indodex to expand marketplace

"We want to focus our business to help consumers meet with other public blockchain tokens, while reducing misunderstandings that develop in the community," Darmawan said.

Darmawan said the use of a new name would underscore the service function as a cryptocurrency marketplace, no longer as part of a bitcoin payment service, ICO, or bitcoin representation in Indonesia. The digital asset marketplace opportunities in Indonesia are getting bigger, including interest in Ethereum, Ripple, and so on.

"We believe digital asset technology has a huge positive impact on the economy. In addition to Bitcoin, we watch Etherium experience a significant increase in wider industrial applications," Darmawan said.

Bitcoin.co.id was established in February 2014 as the oldest cryptocurrency markerplace in Indonesia. The company has processed a transaction volume of more than Rp100 billion (US$7million) per day. Indodax will be consistent in cryptocurrency exchange services by adding a variety of digital token assets within their platform.

"We should know that the total digital assets in circulation amounts to more than 1500 species. We want to find more and more target options that can be found in our platform," said Darmawan.

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