JAKARTA - The Financial Services Authority (OJK) recorded the number of users of crypto assets in Indonesia reached 21.37 million as of March 2026, growing 1.43 percent on a monthly basis. The value of spot crypto transactions was recorded at Rp. 22.24 trillion, while derivative transactions jumped 14.26 percent to Rp. 5.80 trillion.
Amid this growth, INDODAX also recorded a contribution of a total of 9.9 million users and transaction volume reaching IDR 8.45 trillion or around 38 percent of total national crypto transactions in the same period.
INDODAX CEO, William Sutanto, assessed that this growth in the number of users and transactions reflects the increasing public confidence in the regulated crypto asset ecosystem in Indonesia.
"We see this OJK data as a positive signal for the development of the national crypto industry. The growth in the number of users and transactions shows that public confidence in regulated crypto assets continues to increase. On the other hand, this is also our responsibility as the largest crypto exchange in Indonesia to continue to strengthen the security of the platform, improve the quality of services, and expand education for users," said William, in a statement, Thursday, May 7.
Meanwhile, the total market capitalization of digital financial assets and national cryptocurrencies was recorded as slightly corrected by 0.97 percent to Rp. 23.36 trillion compared to the previous month. This condition is considered still reasonable in the midst of global market dynamics which are influenced by various external factors, including global interest rate policies, US inflation data, and international geopolitical tensions.
Although the global crypto market is still fluctuating, digital asset trading activity in Indonesia is still considered to show a fairly healthy trend. This is reflected in the value of crypto spot transactions reaching IDR 22.24 trillion and the growth of digital financial asset transactions of 14.26 percent to IDR 5.80 trillion. The stable participation of retail and institutional investors also shows that public interest in digital assets, including crypto, remains maintained amid the evolving global market dynamics.
William added that this condition shows that Indonesian crypto investors are beginning to mature in responding to the volatility and dynamics that occur in the crypto market.
"Volatility is an integral part of the crypto asset market, especially amid global dynamics such as interest rate policy, market liquidity conditions, and ongoing geopolitical tensions in the Middle East. However, interestingly, Indonesian investor transaction activity and interest remain relatively stable. This shows that people's understanding of crypto assets is beginning to grow and investors are becoming wiser in responding to market movements," added William.
The strengthening of the national crypto ecosystem is also reflected in the regulatory side. OJK has approved 31 entities in the digital financial asset ecosystem, including exchanges, clearing, custodians, and crypto asset traders, as well as overseeing 1,464 crypto assets that can be legally traded in Indonesia. INDODAX as one of the officially licensed entities considers this regulatory development as an important foundation for the healthy and sustainable growth of the industry.
This latest data further strengthens optimism regarding the development of the crypto asset industry in Indonesia. Consistent growth in terms of users and transaction activity shows that the national digital asset ecosystem continues to grow positively, supported by increased literacy, community participation, and increasingly mature regulatory frameworks.
As the first cryptocurrency trading platform in Indonesia, INDODAX is committed to continuing to provide safe, transparent, and educational services to support the growth of a healthy and sustainable digital asset ecosystem in Indonesia.
In addition, in order to strengthen people's digital financial literacy, OJK together with the Indonesian Blockchain Association has successfully carried out the 2026 Crypto Literacy Month program. As a platform with the largest user base nationwide, INDODAX fully supports and actively contributes to educating the public about the crypto asset ecosystem, especially for new users who continue to grow every month.
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