Binance to open an exchange in Indonesia, in talks with the Hartonos
Binance, the world's biggest cryptocurrency exchange by trading volume, has been continuously expanding throughout the world. In a recent report with Bloomberg, the crypto exchange is in talks with Hartonos, the richest family in the country, to open a new branch in Indonesia.
Binance in talks with PT Bank Central Asia (BCA)
Binance Holdings Ltd. is now ready to begin its journey in Indonesia and take advantage of the growing crypto market in the country. The firm is reportedly in talks with Budi and Michael Hartonos, the well-known billionaire siblings, and the PT Bank Central Asia, which is owned by them. Also, the firm is in talks with the largest state-owned telecom firm PT Telkom Indonesia.The terms of the deal still aren't clear, but the report says that the BCA might enter into the partnership via a different business entity, while the terms of the partnership with Binance could also vary during the time of finalization of the deal.
Second venture for the exchange
This partnership marks the second venture for Binance in the country, after the partnership with crypto exchange Tokocrypto. Currently, the Indonesian government looks at cryptocurrencies as a commodity, which trades alongside other securities. A deal with the country's richest family might establish Binance's stronghold in Indonesia.However, there is a catch. As per a report from Forbes, Muslims cannot trade cryptocurrencies as they don't follow Sharia tenets. Indonesia has the world's biggest population, and according to Asrorun Niam Sholeh, head of the fatwa, or religious decrees, at the Indonesian Ulema Council, cryptocurrencies are haram or forbidden.
While the authorities are not bound to go as per the rules of the Council, things might get tricky for the users of the Binance platform as the country has the world's largest Muslim population. Due to an increase in regulatory pressure, Binance has been actively expanding in the Asia-Pacific region.
Continue reading by joining Cryptonary Pro
$1,548 $1,197/year
Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.
For your security, all orders are processed on a secured server.
As a Cryptonary Pro subscriber, you also get:
3X Value Guarantee - If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.
24/7 access to experts with 50+ years’ experience
All of our top token picks for 2025
On hand technical analysis on any token of your choice
Weekly livestreams & ask us anything with the team
Daily insights on Macro, Mechanics, and On-chain
Curated list of top upcoming airdrops (free money)
3X Value Guarantee
If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut through the noise and consistently find winning assets.
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.
Frequently Asked Questions
Can I trust Cryptonary's calls?
Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.
Do I need to be an experienced trader or investor to benefit?
No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.
What makes Cryptonary different from free crypto content on YouTube or Twitter?
Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.
Why is there no trial or refund policy?
We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.
Do I get direct access to the Cryptonary team?
Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.
How often is content updated?
Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.
How does the 3X Value Guarantee work?
We stand behind the value of our research. If the documented upside from our published research during your 12-month membership does not exceed three times (3X) the annual subscription cost, you can request a full refund. Historical context: In every completed market cycle since 2017, cumulative documented upside has exceeded 10X this threshold.
Recommended from Cryptonary
