JAKARTA - Ahead of the upcoming Bitcoin Pizza Day on May 22, PT INDODAX Nasional Indonesia (INDODAX) noted that it has now almost reached 10 million members. This achievement is an illustration of how the crypto industry in Indonesia has evolved from merely a technological experiment to becoming part of a digital financial ecosystem that is increasingly mature, regulated, and widely trusted by the public.
INDODAX CEO, William Sutanto, said that the growth in the number of members not only shows the high interest of the public in digital assets, but also the increasing need for a crypto trading platform that prioritizes security, transparency, and compliance with regulations.
"The journey of the crypto industry today is very different from a decade ago. If in the past the main focus was on access and adoption, now the industry is moving towards a more mature phase by placing user trust and protection as the main priority," said William, in a statement, Saturday, May 16.
Bitcoin Pizza Day itself is a historical moment in the global crypto industry that refers to the transaction of buying two pizza pans using Bitcoin in 2010. This transaction is a milestone, the first time Bitcoin has an economic value in the real world.
From this event, cryptocurrencies have evolved into digital instruments with an increasing adoption rate globally, including in Indonesia. Based on OJK data as of March 2026, the number of national crypto users has reached 21.37 million users. Of these, almost half or about 46.5 percent are INDODAX members.
According to William, the growth of the industry is also followed by increasingly strict operational standards. As the number of users increases and the supervision of the crypto industry through the Financial Sector Development and Strengthening Law (UU P2SK) is present, industry players are required to improve governance, transparency, and a more comprehensive security system.
In this case, he continued, the Know Your Customer (KYC) Hygiene aspect is one of the important foundations to minimize the risk of identity abuse, digital fraud, and increasingly complex cyber threats in today's digital era.
"In an ever-evolving industry, security is no longer just about asset protection, but also the protection of user digital identities. Therefore, the practice of KYC Hygiene and strengthening the security system are an important part of building a healthy and sustainable crypto ecosystem," continued William.
In line with the increasing transparency standards of the industry, INDODAX also provides Proof of Reserves (PoR) as one form of corporate accountability to members. Through this system, user assets can be verified periodically to ensure that the availability of funds stored on the platform is maintained transparently. This step is an important part of building public trust while encouraging the implementation of digital asset industry operational standards that are oriented towards user protection.
In addition, INDODAX is also continuing to expand the selection of digital assets that can be traded on the platform to support the increasingly diverse needs of users. Currently, there are more than 500 crypto assets, including the latest Real World Assets (RWA) based assets such as Tokenized Stocks. The presence of various asset options is expected to provide a wider alternative for portfolio diversification as the public's interest and understanding of digital asset investment grows.
As a crypto exchange that has been established for more than 12 years in Indonesia, INDODAX emphasizes its commitment to continue supporting the development of the national digital asset industry through education, strengthening platform security, and implementing governance that is in line with regulations and the needs of the global industry that continues to grow.
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