Crypto traders can access advanced tools for trading BTC, ETH, SOL, and other assets.
JAKARTA, Indonesia, Dec. 16, 2024 /PRNewswire/ -- PINTU, the leading all-in-one crypto app in Indonesia, is excited to launch Pintu Pro Futures, a new feature that allows users to trade crypto derivatives legally and securely within the PINTU app.
In partnership with a BAPPEBTI-registered Futures Broker under the supervision of the crypto bourse CFX, Pintu Pro Futures offers Indonesian crypto enthusiasts access to a wider range of trading opportunities. Users can now trade derivatives on popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Dogecoin (DOGE), Arbitrum (ARB), Near (NEAR) Worldcoin (WLD), Render (RENDER), and more.
"With a user-friendly interface tailored for both experienced and novice crypto traders, Pintu Pro Futures provide access to advanced crypto derivatives trading right at their fingertips. The launch of Pintu Pro Futures marks a major milestone for Indonesia's crypto industry, bringing innovative products to both investors and traders," said Iskandar Mohammad, Head of Product Marketing, Pintu.
A derivative is a financial product whose value depends on one or more underlying assets, including cryptocurrencies. Futures trading involves buying and selling contracts to purchase or sell an asset at a set price on a future date. In crypto, derivative trading mainly uses perpetual futures—contracts without an expiration date. On November 11, 2024, global crypto derivatives trading volume reached $1.1 trillion (IDR 17,237 trillion) across 107 companies, according to Coingecko.
"Pintu Pro Futures offers advanced features with 25x leverage for crypto derivatives trading, allowing users to take long or short positions on BTC, ETH, SOL, and other USDT-paired assets without an expiry date," Iskandar added. "It also includes risk management tools like margin indicators, auto-close orders, and transparent margin calculations to help users manage liquidation risk."
"The launch of Pintu Pro Futures enhances the PINTU app' features and makes us become Indonesia's first all-in-one crypto app with features for both beginners and pro traders," Iskandar concluded. "We believe that introducing crypto derivatives trading will drive positive growth in Indonesia's crypto industry and attract a market that has previously traded outside the country."
In Indonesia, crypto derivatives are made available by the CFX, the regulated crypto bourse exchange that is officially approved by the Commodity Futures Trading Regulatory Agency (Bappebti) under Regulation Number 8 of 2021. Crypto trading derivatives involve self-regulatory organizations (SROs) like the crypto bourse CFX, clearing institutions, custodians, and futures brokers, that all must be registered and regulated under Indonesian law.
About PINTU
Indonesian cryptocurrency trading and investment platform, PT Pintu Kemana Saja, operating under the PINTU brand is the first licensed crypto exchange in Indonesia with the Commodity Futures Trading Regulatory Agency (BAPPEBTI) and a member of the CFX. Launched on April 1, 2020, the PINTU app aims to facilitate access to cryptocurrencies and promote the inclusion of Indonesians in the crypto world. PINTU focuses on an intuitive app interface, ease of use, in-app educational content, and features such as Pintu Earn, Pintu Staking, Auto DCA, Web3 wallet, Pintu Pro, and Pro Futures.
More info visit www.pintu.co.id
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** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Pintu launches Pintu Pro Futures with 25x Leverage
TOKYO, Dec. 16, 2024 /PRNewswire/ -- Representatives from China and Japan shared their insights on promoting artificial intelligence (AI) governance and data sharing at a sub-forum of the 20th Beijing-Tokyo Forum in Tokyo recently.
The sub-forum contributed eastern wisdom to AI governance and digital social development, demonstrating the significance of international cooperation for the development of the digital economy, according to Gao Shaolin, advisor at Peking University's Legal Artificial Intelligence Research Center.
AI governance framework
The participants agreed that the next 10 years will be a critical period for the development of AI.
Gao Wen, academician of the Chinese Academy of Engineering (CAE), said since China's State Council issued a guideline on developing AI in 2017, the nation has made significant progress in AI research and development and industrial layout, especially in computing power and 5G network construction.
By the end of 2023, China had over half of the world's 1.57 billion 5G users, according to the World Internet Development Report 2024. It ranked second globally in AI and computing power scale, which has laid a solid foundation for the rapid development of AI.
Tatsuo Yamazaki, project professor at the International University of Health and Welfare, said it was very meaningful for Japan and China to discuss strengthening AI governance rules.
Fumihiko Kamio, research director of the Nomura Research Institute, echoed his view. He emphasized that the core goal of AI technology is to improve productivity and eliminate obstacles to social development, and called on Chinese and Japanese experts to work together to build an AI governance framework to cope with the global challenges.
Deepening international cooperation
China put forth the Global AI Governance Initiative in October last year. In July, the UN General Assembly adopted a China-sponsored resolution on enhancing international cooperation on AI capacity-building.
The participants spoke highly of the Global Cross-Border Data Flow Cooperation Initiative recently proposed by China.
They agreed that AI governance requires global collaboration, especially in the formulation of international standards and the construction of ethical frameworks, where China and Japan can play an active role.
Ding Wenhua, academician of the CAE, said China and Japan have both similarities and differences in technology development and governance priorities, so deepening cooperation will bring unique value to global AI governance.
"China and Japan should deepen AI technology cooperation between enterprises, work together in AI security research, talent exchange, and jointly explore more possibilities for the application of technology," Wang Zhongyuan, president of the Beijing Academy of Artificial Intelligence, said.
Balancing development & risks
AI governance refers to the guardrails established to ensure AI systems and tools remain safe and ethical and respect human rights.
Xu Zhilong, editor-in-chief of Science and Technology Daily, stressed that AI, as a revolutionary technology, has far-reaching impacts on all areas of society and economy.
However, its potential risks such as data leakage and the spread of false information should not be ignored. "Technological progress and security ethics should be developed in a balanced way to ensure that AI technology always serves the progress of human civilization," Xu said.
AI governance should not only heed the current technological ethics issues, but also prevent possible long-term risks, such as AI going out of human control, according to Toshio Iwamoto, senior corporate advisor of NTT DATA. He said AI R&D and application should abide by the principles of fairness, transparency, safety and availability.
Yuan Yue, chairman of Beijing Dataway Horizon, shared his view from the perspective of regulatory models. "Policy choices should be based on the current status and goals of national technological development," Yuan said, adding that China prefers to provide a more friendly development environment for enterprises while ensuring an effective response to risks.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Science and Technology Daily: Promoting AI Governance Jointly
