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Summary: Described as the number one Indonesian cryptocurrency, $PLPA experienced 543% growth since listing on Indodax, Indonesia’s biggest crypto exchange platform.
Quick take:
The $PLPA token is accelerating its expansion by listing on the global exchange platform Pionex.
Pionex is renowned for its built-in crypto trading bots that allow users to copy the trades of expert traders.
Bittime is also offering an exclusive staking program at 7% APY to Palapa token holders who lock up their $PLPA tokens for a 15-day period.
Bittime, the Indonesian crypto exchange known for its staking products and the rapidly growing Palapa token, has announced the listing of PLPA on Pionex, a global exchange platform that offers a variety of built-in crypto trading bots.
The announcement comes following its recent success on the Indodax, Indonesia’s biggest exchange platform, where $PLPA achieved 543.05% growth.
Described as Indonesia’s number one cryptocurrency, Bittime believes PLPA exhibits a big potential for global expansion with Pionex. Pionex believes its platform can help local cryptocurrencies like Palapa reach more global users.
"We are very happy and proud to be the next global exchange to list Palapa on our platform. With Pionex’s automated tools, which are suitable for both beginner and experienced traders with integrated services, we are optimistic that Palapa is ready to expand on a worldwide scale,” Pionex stated.
Bittime is using a deflationary token mechanism to boost the value of Palapa. The crypto exchange platform is using a portion of its profits to buy back and burn Palapa tokens, thus reducing the supply in the market whilst also increasing demand.
The 24-month plan began in February 2025 and comes bundled with an offer of 7% APY to PLPA token holders who lock up their assets for a 15-day period. It also comes with exclusive discounts and other offers, like airdrop opportunities and rewards for investors.
Commenting on the announcement, CEO of Bittime, Ryan Lymn, stated: “As one of the top three cryptocurrency trading platforms in Indonesia, Bittime's massive growth has the potential to drive an increase in the value and utility of the Palapa token. This program aims to reduce the circulating supply and has the potential to increase the value of Palapa over time.”
Indonesia is quickly becoming a major player in the Southeast Asia region for crypto adoption. According to a recent Chinalysis report, the country now facilitates over IDR 35.61 trillion in total crypto asset transactions, up 9.73% from IDR 32.45 trillion in March 2025.
Commenting on the recent growth, Jimmy Siswanto, CEO of Palapa, highlighted Palapa’s strong market performance and expanding adoption as a signal that the project is now ready to explore global markets, bridging Indonesia’s blockchain innovation with international investors and communities.
"Alongside Palapa's potential growth and defined growth path, we also offer exclusive features for token holders. We shared the access to attractive airdrop opportunities and rewards for investors, while creating long-term financial incentives,” he added.
