Crypto Transaction Reaches IDR 426 Trillion, Mobee Also Encourages Crypto Industry Development

Illustration (Photo: Doc Antara)

JAKARTA - Head of the Commodity Futures Market Development and Development Bureau, CoFTRA Tirta Karma Senjaya, said that the total value of crypto asset transactions from January to September 2024 rose 323.01 percent to Rp426.69 trillion, in addition, the number of active users was 21.28 million.

Tirta explained that the average transaction value during 2024 reached IDR 12.44 trillion per month, with 504,304 Indonesian citizens actively transacting throughout September 2024.

"In particular, the transaction value in September 2024 increased by 323.01 percent compared to the same period in the previous year. The crypto assets that have the highest transaction value include Bitcoin, USD Tether, PEPE Coin, Ethereum, and Solana," he explained in his statement, Friday, November 1.

In addition to submitting transaction-related data, Tirta said that currently the trend of crypto assets is developing, such as Staking, crypto futures, and ETF Bitcoin.

According to Tirta, these three products are predicted to be attractive investment options for users in Indonesia.

In addition, he also emphasized the importance of becoming a smart customer in buying and selling crypto assets.

According to Tirta, users must understand the trading mechanism, ensure that the sources of funds used are legal and legal, as well as study the documents and legality of the applications used.

One of the Mobee applications will soon launch Staking, crypto futures, and Bitcoin ETF assets. Where Mobee has been registered and supervised by CoFTRA.

Mobee CFO Robertus Hardy added that his party is committed to continuing to innovate and provide products relevant to market needs.

"The planned launch of Staking and crypto futures products in Mobee is part of a strategic step to provide various and beneficial investment solutions for customers," he explained.

Robertus emphasized that his party's commitment to continue to be a trusted partner in trading crypto assets.

In addition, Robertus conveyed that the education provided to the community, especially the younger generation, is part of the company's responsibility to facilitate the development of a healthy and sustainable crypto industry in Indonesia.

On the other hand, AVP Partnership of Funding & Retail Payment Sales Management Division from Bank Rakyat Indonesia (BRI) Rendy Riyawan appreciated Mobee's steps in educating the public about investing in crypto assets, especially in connecting the traditional financial sector with blockchain technology innovations.

According to Rendy, collaboration between the banking sector and crypto buying and selling platforms such as Mobee can accelerate the adoption of blockchain technology in Indonesia.

"His party is planning innovation that will make it easier for users of both industries to be able to carry out cross-apps activities more efficiently," he explained.