Indonesia Ranked Seventh Most Crypto Investors In The World

JAKARTA - The Financial Services Authority (OJK) said Indonesia was ranked seventh as the country with the largest number of crypto asset investors in the world, with a total of 19.18 million investors as of February 2024.

"Currently, Indonesia is ranked seventh as the country with the largest number of crypto asset investors in the world," said OJK's Chief Executive of Financial Sector Technology Innovation, Digital Financial Assets and Crypto Assets Hasan Fawzi at a press conference in Jakarta, quoted from Antara, Wednesday, April 3.

Hasan said the number of investors and domestic crypto asset transactions was increasing. As of February 2024, the total number of crypto asset investors was 19.18 million investors or an increase of 351 thousand investors compared to the previous month.

Meanwhile, as of January 2024, he said the number of crypto asset investors in the country was recorded at 18.83 million investors.

He further said that the transaction value of crypto assets as of February 2024 reached IDR 33.69 trillion, a significant increase compared to the achievement in January 2024 which was recorded at IDR 21.57 trillion.

Thus, the total accumulated value of crypto asset transactions throughout 2024 is recorded at IDR 55.26 trillion.

Types of crypto assets that are widely transacted based on transaction value in physical trading of crypto assets during February 2024, namely Tether (USDT), Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Render Token (RNDR).