The Number Of Investors Increases Slightly, The Value Of Indonesian Crypto Transactions Even Drops 14.15 Percent

Crypto illustration (Photo: Doc. Antara)

JAKARTA - Crypto investors in Indonesia have reached 17.25 million people in April 2023. This achievement increased by 11 thousand people, an increase of 0.64 percent compared to March 2023 which was 17.14 million people.

This was stated by the Head of the Commodity Futures Trading Supervisory Agency (CoFTRA) Didodiatmoko.

"This shows that crypto asset enthusiasts have indeed experienced a very extraordinary increase," he said, quoting Antara, Jakarta, June 9.

If viewed on an annual basis, there was an increase of around 3.52 million people or 25.64 percent from April 2022 which recorded 13.73 million people. Despite a significant increase, the growth in the number of crypto investors tends to slow down.

However, he said, there is a decrease in the current value of crypto transactions in Indonesia. In April 2023, the value of crypto transactions reached IDR 10.77 trillion, a decrease of 14.15 percent from the previous month which reached IDR 12.54 trillion.

When compared to April 2022 which reached IDR 36.91 trillion, there was a decrease of 70.82 percent.

Despite the downward trend in transaction value, Didid expressed optimism in the development of crypto assets in 2023. He projects that crypto assets will rise even though slowly in the future.

When crypto experiences ups and downs, CoFTRA continues to work hard in regulating and improving crypto-related regulations. This effort will be the capital when crypto rises again.

Tokocrypto's VP of Corporate Communication Rieka Handayani also expressed optimism for the development of crypto asset investment in Indonesia. The growth in the number of investors is now driven by the growing interest of the Indonesian people in crypto assets, as well as wider adoption of various crypto trading platforms.

"We are optimistic that the development of crypto asset investment in Indonesia will continue to show a positive number," said Rieka.

With a trend that continues to show positive numbers, continued Rieka, the prospect of investing in crypto assets in the country continues to be promising in the future.

In addition, the government and related institutions are increasingly trying to create a conducive environment for the growth of the crypto market, be it CoFTRA and the Financial Services Authority (OJK) later, including by regulating policies that support and protect investors.

All of these factors provide confidence that crypto assets have bright potential in Indonesia as one of the fastest growing crypto markets.