JAKARTA - PT Indokripto Coin Semesta Tbk (COIN) officially listed its initial shares on the Indonesia Stock Exchange (IDX) on Wednesday, July 9, 2025, through an initial public offering (IPO).
President Director of COIN, Ade Wahyu, said that this step was considered as a strategic momentum for Indonesia to take on the role of a crypto asset trading center in the Southeast Asia region.
According to him, with the support of regulators, related institutions, and trusted exchange infrastructure, Indonesia has the potential to facilitate crypto transactions across countries more securely and transparently.
"In the future, with the support of regulators, relevant agencies and trusted exchange infrastructure, Indonesia can facilitate clearer and safer cross-border transactions for crypto transactions in Indonesia, hopefully it can follow in the footsteps of QRIS' success in Southeast Asia," he said at a press conference, Wednesday, July 9.
Ade also emphasized that the listing of COIN shares on the IDX reflects the increasing trust of investors and the public in the national crypto industry.
He added that this is also proof of the company's commitment to building a digital asset industry that is regulated and managed transparently under the supervision of OJK and IDX.
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"With strong governance and a trusted ecosystem, we believe that Indonesia has a real opportunity to become a major destination for investors in Southeast Asia and become a center for the development of credible crypto assets," he said.
Sesama Direktur COIN Adri Prasetyo Martowardojo menyampaikan dengan regulasi yang disiapkan pemerintah, pihaknya meyakini bahwa Indonesia memiliki potensi besar untuk menjadi pusat (hub) aset digital di kawasan Asia Tenggara.
According to him, in comparison, crypto transaction tax in Indonesia is currently only 0.21 percent per transaction compared to Singapore, where taxes on crypto investment can reach 22 percent as part of income tax, or corporate income tax imposed at 17 percent.
He added that this would certainly make Indonesia an attractive location for global investment companies to establish Foreign Investment (PMA) and transact on platforms such as CFX.
"Well, what's interesting is that if we look at markets like Dubai, the transaction volume is one of the highest, maybe the top 3 times, yes. So it's the highest, but actually for foreign investment to open a bank account and crypto asset transaction, that's the stringent KYC process, the process is long and more likely to get a bank account in Dubai to make crypto transactions," he said.
He said this was a distinct advantage for Indonesia to attract more global market players.
In terms of products, he said that his party is also exploring the development of stablecoins, real world assets, and tokenizations.
"The hope is that stable coin, we want CFX to provide a transparent, accountable space platform for us to be able to innovate stable coins like USDT, USDC, right. Maybe there will be Indonesian products later, right, which can later be used in the region for transactions, because we know the stable coin use case is more fundamental, right? for cross-border transactions, commitment, export-import, and daily transactions like that," he said.
He hopes that as the QRIS application has become a matter of pride and is widely known in Southeast Asia, hopefully in the future it can also present Indonesian stablecoins that can be used at the regional level.
Based on the Chainalysis Global Crypto Adoption Index report, Indonesia is currently ranked third in global crypto adoption, up from the previous seventh position, making Indonesia the country with the highest crypto asset adoption rate in Southeast Asia.
Crypto adoption in Indonesia continues to increase, as reflected in the number of users of national crypto assets reaching 14.16 million people as of April 2025, up from 12 million people in January 2025.
In addition, Indonesia's total crypto asset transactions throughout 2024 reached IDR 650.61 trillion, driven by increased public trust in crypto as an investment instrument that has been overseen by the CFX Exchange and the ICC Custodian Institution.
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