JAKARTA - The Financial Services Authority (OJK) recorded the value of cryptocurrency asset transactions in Indonesia throughout 2025 reaching IDR 482.23 trillion. This achievement reflects the level of cryptocurrency asset trading activity that remains active in the midst of global market dynamics throughout last year.
Apart from the transaction value, OJK also reported an increase in the number of crypto asset investors in Indonesia throughout 2025. As of November 2025, the number of investors reached 19.56 million people, an increase compared to October 2025 which was at 19.08 million investors. Meanwhile, the value of crypto asset transactions in December 2025 was recorded at IDR 32.68 trillion, or down around 12.22 percent compared to November 2025.
Responding to the data, Vice President of INDODAX, Antony Kusuma, said that the movement of cryptocurrency asset transactions throughout 2025 reflects the normal market conditions. According to him, transaction fluctuations are part of the market cycle which is influenced by changes in global sentiment and macroeconomic conditions.
"Throughout 2025, the trading activity of crypto assets is still active. The rise and fall of transactions in each period is a reasonable response to changes in global sentiment and economic policies, thus reflecting a healthy market," said Antony, Tuesday, January 13.
Meanwhile, trading activity on INDODAX recorded a volume of cryptocurrency transactions in the rupiah market of around Rp201.2 trillion in 2025, recorded an increase of 51.65 percent compared to the previous year which was in the range of Rp132.6 trillion.
Throughout 2025, INDODAX also confirmed its position as the largest cryptocurrency exchange in Indonesia with a market share of over 40 percent. This achievement reflects INDODAX's role as one of the main contributors to the trading activity of crypto assets in the domestic market throughout 2025.
Antony added that the growth in transactions in the rupiah market showed the interest of domestic investors that was relatively consistent in 2025.
"The increase in transaction volume in the rupiah market, especially on INDODAX, illustrates that domestic investors are still actively utilizing crypto assets as part of their fund management strategies. In the midst of market volatility, investors still see crypto assets as one of the alternative investment instruments," he explained.
In terms of assets traded, INDODAX data shows that USDT, Bitcoin, and Ethereum are still the main contributors to rupiah market transactions throughout 2025. USDT accounts for about 22 percent of the total transaction volume in the IDR Market, followed by Bitcoin at 13 percent and Ethereum at around 7 percent. The dominance of these three assets shows investor preference for high-liquid crypto assets that serve as the main reference for market movements.
Furthermore, Antony assessed that strengthening the regulatory framework is an important factor in maintaining investor confidence in the national crypto asset ecosystem.
"More clear and structured regulations provide certainty for industry players and investors. This is an important foundation for maintaining trust, strengthening consumer protection, and encouraging the sustainable growth of the crypto asset industry in Indonesia," he said.
Throughout 2025, OJK has issued a number of policies to strengthen governance and risk management in the digital financial asset sector. These policies include OJK Regulation Number 30 of 2025 concerning the implementation of governance and risk management for financial sector technology innovation organizers, as well as OJK Circular Letter Number 34/SEOJK.07/2025 regarding the business plan of digital financial asset trading organizers.
In addition, OJK also published a whitelist for licensed and registered digital financial asset traders, including INDODAX, as an effort to ensure a safer and more trusted ecosystem for investors.
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