Indonesian conglomerates gear up to enter the cryptocurrency market

Indonesian conglomerates gear up to enter the cryptocurrency market

FILE PHOTO: Representations of cryptocurrencies including Bitcoin, Dash, Ethereum, Ripple and Litecoin are seen in this illustration picture taken June 2, 2021. REUTERS/Florence Lo/Illustration/File Photo

In a sign that crypto trading could slowly become the next big game-changer in Indonesia, local conglomerates are betting big on the sector to woo a new set of investors amidst the COVID-19 pandemic.