Regulated Indonesian Digital Asset Exchange Tokocrypto to List Binance backed Injective Protocol’s INJ Token

The Injective Protocol token will be listed on Tokocrypto, an Indonesia based digital assets exchange. Tokocrypto’s management noted that they intend to officially list INJ tokens beginning on December 11, 2020 (at 4:00 AM UTC). This should help with opening up “the best avenue for traders in Indonesia to access INJ” according to a release.

As previously reported, the Injective Protocol claims to be the very first layer-2 “decentralized” exchange protocol that is able to unlock the “full” potential of decentralized derivatives and “borderless” (decentralized finance) DeFi. INJ has also been listed on Binance, Uniswap, and Poloniex. The Injective Protocol team confirmed that they’ve been listed on Coinone and WazirX as well.

As noted by the Injective Protocol developers, listing on Indonesia’s Tokocrypto will help with further expanding the global availability of INJ to traders in the Southeast Asian country.

The Injective Protocol team stated:

“We’re excited to work with Tokocrypto to bring fully decentralized trading to users globally. Tokocrypto is the first regulated cryptocurrency exchange in Indonesia and is backed by Binance. Tokocrypto also includes the Indonesian Rupiah pair which helps create new fiat gateways for INJ access. We look forward to further growing our community in Indonesia via this listing.”

In the coming months, the Injective team intends to work on several other new listings.

As reported recently, the Injective Protocol team released a new software version: Injective Solstice V2. As covered earlier this year, Injective Protocol had acquired $2.6 million in capital through a seed funding round.

According to the Injective Protocol development team, this update comes with several important (user interface) UI and backend upgrades that could lead to “a far superior trading experience for everyone.” After working on their first public release for several months, the Injective team launched the Solstice testnet on November 30, 2020.

Asian countries like Indonesia have one of the fastest-growing digital asset markets, according to a recent report from Chainalysis.

The blockchain analysis firm had cited a report from Knomad, which notes that Indonesia was ranked 17th in terms of fiat remittances received (at $9.0 billion last year). The Southeast Asian nation, which also has one of the world’s fastest-growing economies ($1 trillion+), now also has  one of biggest crypto-asset markets in the Southeast Asia and Oceania (CSAO) region.

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