Started out as a news platform, Bitcoin.co.id is a digital asset exchange platform that offers Bitcoin, Ethereum, Litecoin, and Ripple

INDODAX CEO Oscar Darmawan

Indonesian cryptocurrency startup Bitcoin.co.id announced that it has rebrand itself to Indonesia Digital Asset Exchange (INDODAX) starting from March 14.

In a press statement, CEO Oscar Darmawan explained that the rebranding was meant to provide greater service and support for various digital assets, in addition to Bitcoin.

He also explained that until March 26 the Bitcoin.co.id website will continue to be accessible until they migrate into a new address –indodax.com.

The platform’s customer support email and some social media handles will also continue to carry the Bitcoi.co.id brand, excpet for its Twitter and Youtube account.

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“The Dompet Bitcoin mobile app and Bitcoin.co.id Trading Platform will run normally. We will notice you if there is any change,” Darmawan said.

“For developers who use API access, it still can be used as usual, but we suggest to move API Endpoint to the new domain after March 26, 2018,” he added.

Founded in May 2013 by Darmawan and William Sutanto, INDODAX started out as a news platform that covers digital assets in the Indonesian language.

Starting in February 2014, recognising the existing challenge of selling and purchasing digital assets in the country, the co-founders then pivoted to become Indonesia’s earliest digital asset exchange.

The Bali-based startup is now a digital asset exchange platform that offers Bitcoin, Ethereum, Litecoin, and Ripple.

In November 2017, the startup raised an undisclosed funding round from East Ventures. It cited plans to expand to other Southeast Asian markets following the funding round.

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Image Credit: Bitcoin.co.id

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