Officially Listing, COIN Becomes The First Crypto Asset Exchange Ecosystem That Is Listed On The IDX

IPO COIN (photo: Aris Nurjani/VOI)

JAKARTA - PT Indokripto Coin Semesta Tbk (COIN) officially took the floor on the Indonesia Stock Exchange (IDX) by conducting an Initial Public Offering (IPO) as the 18th issuer in 2025.

The company made history as the world's first Crypto Asset Exchange ecosystem whose shares are traded on the Indonesian capital market.

During the Initial Public Offering (IPO) which took place on July 2-7, potential investors welcomed COIN shares positively, where COIN shares experienced excess demand or oversubscribed more than 180 times with a total order of more than 200,000 potential investors.

President Director of PT Indokripto Coin Semesta Tbk (COIN) Ade Wahyu assessed that the public's high enthusiasm for COIN shares shows public confidence in crypto assets as an investment instrument.

He is optimistic that these results will be a good initial momentum for COIN's future journey to encourage the creation of a transparent, regulated, and well-managed crypto asset ecosystem (GCG).

"We thank regulators, supporting professions, partners and investors for their trust and support that welcomed the presence of COIN in the stock market," he said, Wednesday, July 9.

Ade explained that as the parent company of PT Central Finansial X (CFX) as the Crypto Asset Exchange and PT Kustodian Coin Indonesia (ICC), his party believes that public interest in COIN shares illustrates the wider acceptance of crypto assets from the public and invites all parties to participate in monitoring.

Ade explained that by deciding to become an open company, COIN further strengthens the integrated, more regulated crypto asset ecosystem, and its listing can be monitored by the public so that accountability becomes better for the crypto asset industry in Indonesia.

He added that based on the latest report data from Chainalysis Global Crypto Adoption Index, Indonesia is ranked third in the adoption of global crypto assets, up from the previous ranking in seventh position, meaning that Indonesia is the country with the adoption of crypto assets number one in the Southeast Asia region.

Ade said the increase in the global adoption of crypto assets was supported by the increasing number of consumers of national crypto assets which had reached 14.16 million people as of April 2025, or continued to grow compared to January 2025 at 12 million people.

According to him, the increasing public interest in crypto assets as investment instruments that have received supervision from the CFX Exchange and the ICC Kustodian Institute was able to encourage the growth of total transactions of Indonesian crypto assets which reached up to IDR 650.61 trillion by the end of 2024.

Ade conveyed that through the CFX Exchange and the ICC Kustodian Institution which is run in a transparent, innovative manner, and adheres to the principles of good corporate governance, his party believes that the national crypto asset industry will continue to develop positively and grow sustainably.

"Until finally the CFX Exchange and the ICC Kustodian Institute will not only be home to the crypto asset industry in Indonesia, but are also expected to be able to become crypto asset trading centers in the Southeast Asia region," explained Ade.

Ade revealed that the presence of COIN on the stock exchange is a momentum for Indonesia to become a crypto asset trading center in Southeast Asia, not just a market.

"In the future, with the support of regulators, related agencies, and trusted exchange infrastructure, Indonesia can facilitate clearer and safer cross-border transactions to transact crypto assets in Indonesia," he said.

Similarly, COIN Finance Director Abraham Nawawi added that in this IPO, COIN managed to pocket a total IPO fund of IDR 220 billion, with an offering price of IDR 100 per share.

Abraham explained, of the total IPO funds, the Company will use them to support the working capital needs of subsidiaries, namely CFX and ICC, which each get 85 percent and 15 percent.

He said that so far COIN was supported by the Company's solid financial performance where it was recorded that COIN at the end of December 2024 managed to record a significant increase in revenue compared to the same period in the previous year (year-on-year/yoy) by recording a net profit margin of 42.32 percent of total revenue.

Abraham said the Company is optimistic that it can increase revenue by the end of 2025 through product development and business carried out by its subsidiaries, one of which is crypto derivative products.

"Throughout 2025, CFX also continues to encourage the growth of derivative products, which functions as hedging, so that when the Spot price of crypto assets declines, there are still derivative transactions to install hedging positions," he explained.