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TRIV, an Indonesian crypto exchange, has launched TRIV Crypto Futures, in partnership with Commodity Futures Trading Supervisory Agency and the Indonesian Crypto Exchange.
On Jan. 30, TRIV has launched a new feature on their crypto trading application, TRIV Crypto Futures. Indonesian traders can now access the futures market in accordance with local regulations and trading standards.
With the launch of TRIV Futures, TRIV platform users can now trade crypto derivatives with a variety of crypto assets such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and others. The platform offers up to 25x leverage on its perpetual contracts, which could increase the chances of making profit.
In launching this new feature, TRIV has collaborated with Indonesia’s Commodity Futures Trading Supervisory Agency or Bappebti, the Indonesian Crypto Exchange CFX and Jakarta Futures Exchange JFX. This way, futures trading on the app will be under direct supervision of regulators, ensuring a safe and secure ecosystem.
TRIV becomes the latest Indonesian crypto exchange to launch its own futures contract trading feature, following PINTU, PLUANG and others which have launched theirs near the end of 2024.
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CEO of TRIV, Gabriel Rey, said in a statement that the firm decided to launch TRIV Futures as they saw a growing demand for it in the Indonesian market. He also assured that all trading activities on the TRIV platform, including Futures Trading, are carried out in compliance with high security standards set by official regulators.
“So users don’t have to worry about security concerns, because this feature is official and authroized according to regulations in Indonesia,” said Rey in a press release, as quoted by Kompas.
He hopes that the launch of TRIV Futures will boost crypto adoption in Indonesia.
In addition, TRIV also plans to develop more new features moving forward, including improving services and adding to its list of tradable crypto assets, in order to provide users with the full experience.
In Indonesia, supervision of the crypto sector is going through a transition from the Commodity Futures Trading Agency to the Financial Services Authority. The handover was set to take place on Jan. 12, however it has reportedly experienced delays due to a lack of government regulation issued to support the change.
Read more: Indonesian FSA crypto oversight transition stalled due to lack of government bill: report
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