Here is brief explanation of the relationship between Pintu, PKB, CFX, and KKI.
1. Pintu is a major crypto exchange in Indonesia, enabling users to purchase digital assets securely and easily with Indonesian Rupiah (IDR). To offer more trading options, Pintu collaborates with other entities to provide additional products like perpetual futures.
2. PKB (PT Porto Komoditi Berjangka) is a futures brokerage in Indonesia that supports forex and commodity trading. Pintu leverages PKB’s services to provide its users with access to perpetual futures products, thus expanding the range of financial instruments available on its platform.
3. CFX (Crypto Futures Exchange) is a government-regulated crypto futures exchange focused on Indonesia’s digital asset market. Its role is to facilitate and regulate crypto futures trading within the country, ensuring a secure and compliant environment for futures trading.
4. KKI (Kliring Komoditi Indonesia) is a financial institution dedicated to ensuring smooth and secure futures trading in Indonesia by clearing transactions and mitigating the risks of settlement failures.
In summary, PKB is Pintu’s futures brokerage arm that allows users to trade leveraged products. While PKB is a separate legal entity, to provide a seamless experience, Pintu users can freely move funds between the their spot account (which is under Pintu) and derivatives account (which is under PKB) under a single and unified app. PKB operates within the regulated ecosystem provided by CFX and KKI—with CFX serving as the platform for futures trading and KKI ensuring transaction security and risk mitigation.