Majority of PAKD in Indonesia Loses during 2025, Tokocrypto Soroti Kepercayaan Pasar

JAKARTA - The Financial Services Authority (OJK) stated that the majority of crypto exchanges or Digital Financial Asset Traders (PAKD) in Indonesia still recorded negative financial performance throughout 2025.

The Chief Executive of the Financial Sector Innovation Technology, Digital Financial Assets, and Crypto Assets Supervisory Board of the OJK, Hasan Fawzi, said that out of the 25 to 29 PAKD that were registered and licensed, around 72% of them recorded losses throughout 2025.

Hasan explained that one of the main causes was the pressure on the performance of the PAKD was the dominance of transactions by the Indonesian people through exchanges and traders in regional and global, not through the domestic ecosystem.

"From the available data, it is indicated that most local consumer transactions are still carried out through traders and exchanges in the regional and global," he said.

7 In response to this condition, Tokocrypto CEO Calvin Kizana said that the pressure on profitability in the industry cannot be separated from the challenge of building trust and strong transaction volume in the domestic channel.

"The still large number of PAKD losses shows that this industry is still in a growth phase that requires scale, operational efficiency, and strengthening market confidence," said Calvin in his statement.

For this reason, Calvin suggested providing more education and literacy to the public about the prevalence of activities on illegal platforms that are potentially causing a loss of tax revenue of Rp. 1.1-1.7 trillion per year.