Indodax Frees Trading and Withdrawal Fees commentary

Previously, Indodax applied a percentage withdrawal fee of 0.5 percent of the total transaction.

The trading fee in Indodax becomes 0 percent for traders who put prices on the Indodax marketplace (market maker).

"Because our members are now almost 4 million members and the number of transactions is also increasing so we want to give more maturity to indodax traders," said Oscar.

He added that at this time, it has cooperated with PT Kliring Berjangka Indonesia (PT KBI) in the management of clearing funds.

"So, later every fund that comes in will be guaranteed in the clearing house to make sure only members can access it," said Oscar.