To well-born souls … – The young cryptocurrency exchange Indonesia-based Pintu had raised $35 million in August 2021. It has just closed another round of funding to realize its development ambitions.
Pintu takes on DeFi and NFTs, and goes against major exchanges
Pintu has recently raised $113 millionin a Series B funding round. These funds will be used to finance its growth.
In this context, the company plans to launch new products and services related to decentralized finance (DeFi). She is also very interested in non-fungible tokens (NFT).
In addition to this extension of its product range, Pintu also wants increase its workforce. The company plans to continue recruiting in 2022, having doubled the size of its team in 2021.
In view of this development plan, the crypto winter has therefore not disrupted hiring within Pintu. While this bearish context has nevertheless forced major stock exchanges such as Coinbase to freeze recruitment. Or Gemini which had to lay off some of its staff because of the current situation.
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A doubly cryptophilic Indonesia and once twice for Pintu
Pintu’s vision thus remains focused on its development over the medium term, despite crypto markets at half mast.
The company can take advantage of the cryptocurrency boom in Indonesia with this infusion of fresh capital. To illustrate this growth. Its marketing director, Timothius Martin, speaks of 6 million crypto investors in 2021. This figure would have doubled in February 2022to exceed 12 million.
The growing interest in cryptocurrencies in Indonesia is also reflected in the increase in Pintu’s total user base. With a client portfolio that has more than doubledfrom December 2021 to May 2022. Its size has grown from 2 million to nearly 5 million in the past six months.
Education as a pillar: an institute for cryptocurrencies within an exchange
If the figures cited above certainly illustrate a rapid growth of the cryptocurrency market in Indonesia. The latter, however, is still relatively new », according to Timothius Martin.
Given the relative youth of the sector, cryptocurrency education is therefore of strategic importance. It allows crypto companies to support this market growth, while seizing opportunities.
And Pintu has precisely the right tool for this context, with its educational platform for beginners. She provides training on the workings of investment and risk management in cryptocurrencies.
Pintu is therefore one of the cryptocurrency exchanges continuing to develop, regardless of bear markets. On this point, the platform launched in April 2020 aligns with this cryptocurrency giant imperturbably pursuing its rational growth.
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