Bitleon has invested an undisclosed amount in the little-known Indonesian cryptocurrency exchange Tokocrypto.

Announcing the news on Tuesday, Bitleon stated that the investment will help Tokocrypto launch new products and services and spread throughout Indonesia.

Although Bitleon ( does not disclose the financial details of the transaction, the exchange has acquired a controlling stake or a controlling stake in Tokocrypto. When it came to comments, a Bitleon representative said: “We don’t usually share a stake in our investments. This is reflected in the NDA (Non-Disclosure Agreement).”

Founded in 2018, Tokocrypto is regulated by the Indonesian Commodity Futures Trading Regulatory Agency (also known as Bappebti). The exchange is also supported by Singapore-based cryptocurrency producer QCP Capital.

Despite the fact that Tokocrypto has licenses and has a notable patron, its trading volumes are low. In the last 24 hours, Tokocrypto has made volumes of about $700,000, according to CoinGecko, as compared to Indonesia’s leading cryptocurrency exchange Indodax, which made over $8000000 in volumes during the period.

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