Welcoming The New Round In The Leadership Of The Crypto Industry

JAKARTA - The crypto world is moving fast and dynamic, the first and largest exchange in Indonesia, INDODAX, is also adjusting its steps. Starting May 19, 2025, Oscar Darmawan will take on a new role as Chairman, while William Sutanto officially becomes CEO (Chief Executive Officer) OF INDODAX after previously serving as CTO (Chief Technology Officer).

This change of position reflects the company's efforts to continue to grow and respond to the increasingly complex dynamics of the digital asset industry.

In its new position, Oscar will focus more on shaping long-term strategic directions and strengthening relations with various stakeholders, both at home and abroad. This is part of INDODAX's comprehensive steps to continue to grow in the midst of the changing blockchain landscape.

"After more than 11 years, I feel it's time to bring new energy to the CEO's seat. I'm sure William with his experience on the product and technology side will be able to bring INDODAX to the next level. I myself will continue to actively encourage the company's long-term strategy," said Oscar Darmawan, in a written statement, Tuesday, May 20.

Oscar added that William Sutanto was widely known among the crypto community thanks to his contribution in developing the INDODAX platform technology since its inception.

"This appointment is expected to bring new enthusiasm and perspective to answer the challenges of the crypto industry that are constantly growing," said Oscar.

This change is part of INDODAX's commitment to continue to grow and innovate, provide crypto asset services that are safe, reliable, and relevant to today's market needs.

"It is an honor to continue to be part of INDODAX's journey in a new role as Chairman. With our long experience, I am sure INDODAX will continue to be a leader in this industry," said Oscar Darmawan.

"As Chairman, I will continue to support the company's strategic vision in expanding digital financial inclusion in Indonesia. With a focus on sustainable innovation and strategic partnerships, I believe INDODAX will further strengthen its position as the owner of the largest market share in the crypto exchange industry," he added.

In addition, INDODAX thanked Oscar Darmawan for his dedication and leadership for more than a decade. Oscar Darmawan has brought INDODAX into the first and largest crypto exchange in Indonesia.

Under his leadership, With more than 8 million registered members and monthly transaction volumes reaching Rp24 trillion, INDODAX continues to lead the crypto exchange industry in Indonesia. This platform also managed to attract more than 10,000 new members every day with a total of 8 million applications downloaded.

His commitment to a healthy crypto ecosystem is also recognized through the 2022 Tax Obedient Company award. As a pioneer in the blockchain industry in Indonesia, Oscar is also the owner of the title and MURI's record will be the first Master of Blockchain & Digital Currency to support his role in advancing this technology in Indonesia.

Now, the leadership baton is handed over to William Sutanto, a loyal friend and partner who co-founded INDODAX with Oscar Darmawan. As a Co-Founder and former CTO, William has built INDODAX technology infrastructure from the start, as well as introduced various product and service innovations.

"I would like to thank Oscar, all shareholders, and the board of directors for the trust that has been given. I also ask for support and direction from all stakeholders to carry out this great responsibility," said William Sutanto.

This man from Semarang emphasized his commitment to bring INDODAX to be more competitive, both in the local and global markets.

I am aware of the growing challenges, ranging from regulatory compliance, market conditions, to increasing competition. We will face all of that with careful principles and a mature strategy, "said William.

William also expressed his concern about negative sentiment towards several startups in Indonesia that failed to be managed properly.

"I ensure that INDODAX will continue to be managed prudently to maintain consumer trust, investors, regulators, and all stakeholders," he said.

In the future, William will accelerate the adoption of blockchain technology and increase crypto literacy evenly, both through online platforms and offline activities.

"With the spirit of innovation and collaboration, I believe INDODAX can become the largest, most trusted and secure crypto exchange in Indonesia," he concluded.

This change also reflects INDODAX's readiness to face new challenges and opportunities in the dynamic crypto industry. During the transition period, the company's operations will continue to run normally, and INDODAX is committed to continuing to build a positive crypto ecosystem in Indonesia through relevant initiatives.

By leveraging blockchain technology, the company will expand public access to crypto asset-based financial services.