After Japan, RI Becomes The Second Largest Crypto Market In APAC

JAKARTA - Based on Chainalysis' latest report entitled 2025 Geography of Cryptocurrency Report, Indonesia recorded a 103 percent on-chain value received spike in the period July 2024 to June 2025.

On-chain value received itself refers to the total value of crypto assets recorded as being included in a blockchain network of an area, thus becoming the main indicator to measure the level of adoption and real transaction activity.

With this achievement, Indonesia occupies the position of the crypto market with the second largest growth in Asia-Pacific (APAC), only under Japan growing by 120ppersen.

Tokocrypto CEO, Calvin Kizana, revealed that the growth in crypto adoption in Indonesia is quite in accordance with the reality on the ground, where the number of investors continues to grow rapidly and trading activities show a consistent increase.

"This shows how rapidly crypto adoption growth in the country, which is supported by increasingly clear regulations and increasing public confidence in digital assets," Calvin said in a statement quoted on Sunday, September 28.

Calvin explained that the surge in crypto adoption in Indonesia was caused by various factors, one of the biggest drivers coming from demographics.

Where according to him, the majority of people come from the young generation of digital natives who are accustomed to technology, quickly adapt to new trends, and actively seek investment opportunities outside traditional instruments.

"Support for regulations and innovation of increasingly mature products also opens wider access, making crypto asset transactions easier, faster, and more inclusive for various levels of society," he added.

He believes that this combination of factors has prompted Indonesia to record growth of up to 103 percent in the past year.

With this momentum, Calvin believes, Indonesia has great potential to appear as a regional crypto hub in the second half of 2025 and strengthen its position in the world's digital economy ecosystem.