Indonesia’s tech firm GoTo buys local crypto exchange for $8.4 mln

Indonesia’s biggest tech firm PT GoTo Gojek Tokopedia Tbk (GoTo) entered cryptocurrency business by acquiring local crypto exchange PT Kripto Maksima Koin in a bid to diversify its services.

GoTo acquired 100% shares of PT Kripto Maksima Koin for 124.84 billion rupiah ($8.38 million), it said in the statement to stock exchange regulator on Monday.

Read more: Reuters