Jakarta Tokocrypto is one of the popular crypto asset trading platforms in Indonesia and has seen tremendous growth in recent years.
In the moments of Ramadan and Eid al-Fitr 1444 AH, Tokocrypto recorded a significant increase in user trading activity and unusual behavior changes.
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As a good cryptocurrency exchange, Tokocrypto strives to maximize every customer’s trading experience through attractive and profitable software. Thanks to these efforts, Tokocrypto has recorded nearly 15% year-over-year growth.
Changes in Trading Behavior
Rika Handayani, Vice President of Communications at Tokocrypto, said there was an interesting shift in trading behavior to observe during Ramadan.
The frequency of dawn trading (between 03.00 WIB and 05.00 WIB) has increased by 70% compared to pre-Ramadan. This shows that many users are taking advantage of early morning hours to conduct cryptocurrency trading activities.
“The change in trading behavior during Ramadan demonstrates the adaptability and flexibility of users in managing their trading hours. The increase in dawn trading activity reflects how users utilize their free time in the morning to invest,” he said. . Written statement by Rieka, Fri, 28 Apr 2023.
Increased subsequent distribution of THR deposits
There was no significant increase in circulation during the period from April 6 to 10, coinciding with the awarding of the Hari Raya Allowance (THR). However, during the period from April 10th to 13th, deposits increased by 10% compared to the previous two weeks.
Growing number of active traders on Hari Raya
Rica explained a 12% increase in the number of active traders and deposits prior to Eid al-Fitr from 19 to 22 April. This indicates that some users can use their THR funds to invest in crypto assets.
The most traded crypto assets on Tokocrypto during Ramadan are Bitcoin (BTC), Ethereum (ETH) and Tokocrypto Coin (TKO).
“We saw an increase in deposits during the THR approval period, which shows that people are becoming increasingly aware of the possibility of investing in crypto assets. This is consistent with our mission to increase financial inclusion through blockchain technology. .” said Rieka.
The increase in users during Ramadan and the change in Tokocrypto’s trading behavior reflects a global trend showing a growing interest in investing in cryptocurrencies.
Additionally, user adaptation to different trading times shows that the cryptocurrency market continues to grow and become more inclusive for different sectors of society.”
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