Goto, an Indonesian technology company, completed the purchase of DLocal Exchange for 8.4 million. Founded in 2018, the cryptocurrency exchange is widely acknowledged as one of the country’s leading exchanges with more than 30,000 registered users.

What Goto Aims to Achieve Through this Acquisition 

This purchase is part of Goto’s strategic plan to become the leading player in Indonesia’s digital asset trading. According to an official press release, Goto aims to build a trusted platform for users to trade a broad range of digital assets with ease, transparency and compliance. The company also plans to explore a variety of other services such as payment, storage, and transaction services.

Features of the Acquisition

Under the terms of the deal, Goto will take over the operating rights of DLocal Exchange, including its trading platform, management team and customer accounts.

  • Security: Goto is going to ensure the security of its customers by introducing the latest security technologies and best practices.
  • Customer convenience: Goto aims to improve the convenience of customers with the help of its advanced trading platform and high-quality customer service.
  • Competition: This acquisition will raise the upper hand of Goto in a particularly competitive local market, positioning the company ahead of its competitors.

In addition, Goto has also established a robust set of compliance protocols and measures, which embrace the regulatory requirements established by the Indonesian government.

Conclusion

By acquiring DLocal Exchange, Goto is looking to increase its presence in the Indonesian digital asset trading market. With a robust set of security protocols in place, improved customer convenience, and a competitive edge in the local market, Goto hopes to offer a transactional platform that meets the growing demand for digital assets in Indonesia.