PT Central Finansial X (CFX)

What PT Central Finansial X (CFX) does

PT Central Finansial X (CFX) operates Indonesia's sole licensed physical crypto asset exchange, supervised by the Otoritas Jasa Keuangan (OJK) following its inauguration on 1 August 2023 and reaffirmed by an OJK Approval Confirmation Letter in February 2025. The platform offers spot crypto trading, perpetual derivatives, and a proprietary benchmark product, the CFX10 Index, and is integrated with PT Kliring Komoditi Indonesia for clearing and PT Kustodian Koin Indonesia for custody. CFX is ISO 27001:2022 certified for information security management.

CFX operates a B2B2C go-to-market: it does not serve retail traders directly but instead onboards licensed PAKD (Pedagang Aset Keuangan Digital) members and additional SPAB-designated futures brokers such as PT PG Berjangka and PT Jalatama Artha Berjangka as distribution channels. Twenty-two PAKD members including Pintu, Pluang, Ajaib, and Indodax route customer order flow through CFX's matching engine, with membership recently consolidated via the revocation of non-compliant members Tokocrypto and Floq.

The business model combines transaction-based fees on spot and derivatives volume, periodic PAKD membership and listing fees, and emerging revenue lines from benchmark licensing (CFX10 Index) and, prospectively, real-world asset tokenization under a 2026 framework partnership with OJK. The company is headquartered in Jakarta with 47 employees and operates under a single national regulatory license that constitutes its primary competitive barrier.

Name

PT Central Finansial X (CFX)

Legal name

PT Central Finansial X

Website

https://cfx.co.id

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

11–50 employees

Short description

Indonesia's sole OJK-licensed physical crypto exchange, providing spot and perpetual derivatives trading infrastructure routed through 22 licensed PAKD members and futures broker partners, with proprietary CFX10 Index and emerging asset tokenization services.

Ownership category

akta.pro rank

Product category

Crypto Exchange / Digital Financial Asset Bourse

NAICS

Securities and Commodity Exchanges (523210)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Spot Crypto Exchanges (Order-Book & Matching Engine) (FSADAAAA)

akta.pro secondary industry

Crypto-Digital Asset Market Making (Spot & Derivatives) (FSACANAJ)

Keywords

• Crypto exchange services
• Crypto derivatives trading
• Digital financial assets
• Spot crypto trading
• Crypto asset indexing

Headquarters

HQ city

South Jakarta

HQ country

Indonesia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Trading Transaction Fees: CFX generates revenue through transaction fees from crypto asset spot trading and derivative contract trading executed on its exchange platform by registered Digital Financial Asset Traders (PAKD) and exchange members.
2. Digital Financial Asset Listing: Revenue derived from the listing and maintenance of crypto assets on the exchange, including the registration of new digital financial assets and derivative crypto assets through CFX's On-Demand listing application path.
3. Exchange Membership Fees: Fees from brokers and trading members who obtain Exchange Member Approval Letters (SPAB) to facilitate trading in derivative products and crypto assets through the CFX platform.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

PT Central Finansial X (CFX) operates Indonesia's sole licensed crypto exchange (bourse), providing spot trading of registered digital financial assets (including Bitcoin, Ethereum, BNB, XRP, Solana, and others) and perpetual crypto derivatives. The exchange also offers the CFX10 Index, Indonesia's first crypto asset benchmark covering the top ten listed crypto assets, and operates exchange membership infrastructure for licensed PAKD members and futures broker partners.

Product overview

PT Central Finansial X (CFX) operates as Indonesia's only licensed crypto exchange offering a unified platform for digital financial asset trading. The product portfolio consists of three core offerings: (1) Crypto Asset Trading for spot trading of registered cryptocurrencies, (2) Perpetual Crypto Derivatives for leveraged futures contracts, and (3) the CFX10 Index providing a transparent benchmark for the Indonesian crypto market. Supporting these core products are market data tools including the CFX Reference Index, daily trading summaries, and registered asset lists. CFX is regulated and supervised by the Financial Services Authority (OJK) under POJK No. 27 of 2024, ensuring all trading activities comply with applicable regulations.

Differentiator

Problem solved

Functional benefit

Products and services

• Crypto Asset Spot Trading Spot trading platform for registered digital financial assets (crypto assets) executed through licensed Digital Financial Asset Traders (PAKD) members, enabling buy and sell transactions of major cryptocurrencies under OJK-supervised market infrastructure.
• Perpetual Crypto Derivatives Perpetual futures contracts for crypto assets, allowing market participants to conduct leveraged transactions for hedging against crypto price volatility or speculating on price movements with flexible investment strategies.
• CFX10 Index Indonesia's first crypto asset index measuring the performance of the ten leading crypto assets (Bitcoin, Ethereum, BNB, XRP, Solana, TRON, Dogecoin, Hyperliquid, Bitcoin Cash, Cardano) included in the Digital Financial Assets List (DAKD), built on a transparent methodology to provide a credible market benchmark.
• Digital Financial Asset Listing Service On-Demand listing and registration service for new digital financial assets and derivative crypto assets on the CFX exchange, establishing which crypto assets are approved for trading under the Digital Financial Assets List (DAKD).
• Exchange Membership (SPAB) Membership service issuing Exchange Member Approval Letters (SPAB) to licensed brokers and futures trading members, enabling them to facilitate derivative product trading and act as exchange members on the CFX platform.

Quantifiable outcome

• IDR 73.8 Trillion in crypto derivatives transactions since launch
• +1 more outcomes

Named customers11 records

Segments4 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

14 partnerships are on record, tiered core, major and minor.

• Otoritas Jasa Keuangan (OJK)coreStrategic or Co-development Partner · 1 August 2023CFX is regulated and supervised by the Financial Services Authority (OJK) under Approval Confirmation Letter No. S-7/D.07/2025, dated February 1, 2025. CFX adheres to POJK No. 27 of 2024 on Digital Financial Asset Trading including Crypto Assets. The partnership ensures compliance with all applicable laws and regulatory oversight of the Indonesian crypto market.
• PT Kustodian Koin IndonesiacoreStrategic or Co-development PartnerCFX partners with PT Kustodian Koin Indonesia for secure custody of consumer funds and digital assets. As an independent third-party custodian, KKI ensures that customer assets are held securely separate from CFX's operational funds, enhancing consumer protection and regulatory compliance.
• PT Kliring Komoditi IndonesiacoreTechnology or IntegrationCFX collaborates with PT Kliring Komoditi Indonesia for clearing and settlement services of crypto derivative transactions. The clearing partner ensures transaction integrity and risk management for derivative contracts traded on the CFX exchange.
• Bappebti (Commodity Futures Trading Supervisory Agency)coreStrategic or Co-development PartnerBappebti established the National Crypto Asset Futures Exchange through Head of Bappebti Decree No. 01/BAPPEBTI/SP-BBAK/07/2023, appointing PT Bursa Komoditi Nusantara (now CFX). Bappebti continues to oversee CFX's operations and the implementation of crypto derivative products.
• PintucoreChannel Partner/ Reseller/ DistributorPintu is a licensed Digital Financial Asset Trader (PAKD) and registered exchange member facilitating retail crypto trading on the CFX platform. Pintu provides crypto trading services to Indonesian retail investors through its mobile application.
• PluangcoreChannel Partner/ Reseller/ DistributorPluang is a licensed Digital Financial Asset Trader (PAKD) and registered exchange member facilitating retail crypto trading on the CFX platform, providing trading services to Indonesian investors.
• AjaibcoreChannel Partner/ Reseller/ DistributorAjaib is a licensed Digital Financial Asset Trader (PAKD) and registered exchange member offering crypto trading services to Indonesian retail investors through the CFX exchange.
• IndodaxcoreChannel Partner/ Reseller/ DistributorIndodax is a licensed Digital Financial Asset Trader (PAKD) and registered exchange member providing crypto trading services to Indonesian investors on the CFX platform.
• Bybit IndonesiacoreChannel Partner/ Reseller/ DistributorBybit Indonesia operates as a licensed Digital Financial Asset Trader (PAKD) and registered exchange member on CFX, offering crypto trading services to Indonesian retail and institutional investors.
• LunocoreChannel Partner/ Reseller/ DistributorLuno is a licensed Digital Financial Asset Trader (PAKD) and registered exchange member facilitating crypto trading on the CFX platform for Indonesian investors.
• PT PG BerjangkamajorChannel Partner/ Reseller/ DistributorPT PG Berjangka received the Exchange Member Approval Letter (SPAB) from CFX to become a strategic broker facilitating trading in derivative products in Indonesia. PT PG Berjangka is one of three initial brokers to receive SPAB alongside PT Jalatama Artha Berjangka and PT Pasar Forex dan Komoditi Berjangka.
• PT Jalatama Artha BerjangkamajorChannel Partner/ Reseller/ DistributorPT Jalatama Artha Berjangka received the Exchange Member Approval Letter (SPAB) from CFX to facilitate derivative product trading. One of three initial brokers to obtain SPAB, with seven additional brokers in process as of September 2024.
• PT Pasar Forex dan Komoditi BerjangkamajorChannel Partner/ Reseller/ DistributorPT Pasar Forex dan Komoditi Berjangka received the Exchange Member Approval Letter (SPAB) from CFX to facilitate derivative product trading as one of the initial three strategic broker partners.
• University of Indonesia (Faculty of Economics and Business)minorStrategic or Co-development PartnerCFX and the Financial Services Authority provide education on crypto assets to students of the Faculty of Economics and Business, University of Indonesia. This collaboration supports crypto asset literacy and industry education.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Market position

Competitive moat4 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/centralfinansialx

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PT Central Finansial X (CFX)