Ventura Koin Nusantara Introduces Vonix Crypto Exchange Platform
PT Ventura Koin Nusantara has officially introduced the Vonix platform which offers trading and crypto investment services. Vonix targets the market of professional traders and institutional investors.
Vonix offers two services. First, a cryptocurrency exchange platform that offers more than 200 crypto assets for trading and investing. Currently the new crypto exchange is available for websites/desktops.
Second, Vonix is an enabler for principals who want to work on smart contract and tokenization projects. One of them is the NFT project which is being explored with premium lifestyle brands in Indonesia.
Met at the soft-launching event, Vonix CEO Herdi Sularko said that large screen access is considered more suitable for corporate usage. Meanwhile, the use of small screens through mobile applications tends to be widely used by retail investors.
“The competitive advantage of Samuel Sekuritas and Samuel Asset Management is the number of qualified institutional investors and high-net-worth individuals (HNWI). This is also our captive market for cross-selling and upselling. It is undeniable that we will target the retail segment that is dynamically according to the profile of crypto assets,” he said.
For information, PT Ventura Koin Nusantara is under the auspices of the Samuel Group which has subsidiaries in the securities sector (Samuel Sekuritas Indonesia) and asset management (Samuel Asset Management). Herdi ensures that Vonix is only affiliated by the Samuel Group, not VC-backed.
Vonix has been licensed by CoFTRA, the Commodity Futures Trading Regulatory Agency (CoFTRA) and ISO 27001:2013 from the British Standards Institution (BSI). Furthermore, Vonix favors the Star80 feature which is claimed to provide recommendations for the best crypto choices.
This feature was developed from the collaboration of Vonix with Thomas J. Dorsey, an investment technical analysis expert and Co-founder of Dorsey, Wright & Associates who is in the financial and investment industry.
The Star80 feature generates technical analysis based on market trends and is updated daily, and provides user actionable options.
Go to Market
Asked about the cryptocrash situation, Herdi admitted that his party did not set the right time to go-to market, both in bear and bullish conditions. “We are still starting. Our platform is ready, it is bearish, but this is crypto. There is volatility,” he said.
For your information, the term bearish describes market conditions when there is a lot of selling and the market weakens. Meanwhile, the term bullish is defined as a market condition that is experiencing a strengthening trend
CoFTRA recorded that the value of crypto transactions reached IDR 64.9 trillion in 2020 and skyrocketed to IDR 859.4 trillion in 2021. Then, for the January-May 2022 period, the value was around IDR 195 trillion in a bearish condition.
Meanwhile, the number of crypto investors in Indonesia reached 14.1 million people as of May 2022, dominated by the 18-24 year old (32%) and 25-30 (30%) age group. Meanwhile, stock investors were recorded at 8.86 million people.
He believes that crypto will be the future in the financial industry, and Vonix will not only be a platform, but also a community gateway in the crypto world.
Crypto Platform Fasset Gets Mastercard for Expansion to Indonesia
Middle Eastern crypto platform “Fasset” announced a partnership with Mastercard to expand its services in Indonesia. This collaboration aims to expand financial inclusion in the country and expand its local economic opportunities.
Currently there are more than 92 million Indonesians who do not have a bank account and this gap will be bridged by the two companies to provide better access to digital financial services.
The partnership between the two companies aims to lower the barriers to digital finance and promote greater opportunities to benefit from the use of emerging financial services.
“Asset ownership is the strongest way to strengthen livelihoods and a healthy economy,” said Fasset Indonesia Country Director Hendra Suryakusuma in an official statement as quoted by Cointelegraph.
He also believes that crypto adoption in countries like Indonesia will have a significant impact on the wider crypto ecosystem. This will be a reference for other countries to pursue progress and change the pace of economic growth.