Crypto Asset Transactions In Indonesia Increase 354 Percent In The First Semester Of 2024

Illustration of crypto assets (photo: Pixabay)

JAKARTA - The latest data released by the Commodity Futures Trading Supervisory Agency (CoFTRA) shows the rapid growth of the crypto asset industry in Indonesia.

In this data, CoFTRA noted that the transaction value of crypto assets in the January to June 2024 period reached a fantastic figure, which was IDR 301.75 trillion.

Thus, it can be said that this figure shows growth of 354.17 percent compared to the same period in the previous year, which was IDR 66.44 trillion.

Meanwhile, despite adjustments in May, the number of crypto asset customers registered until June 2024 has now reached 20.24 million subscribers, with an average growth of around 430,500 customers per month since February 2021.

Head of the Commodity Futures Development and Development Bureau, CoFTRA, Tirta Karma Senjaya, said the growth in this number shows that the Indonesian people are increasingly interested in investing in crypto assets.

Although the current global crypto industry is faced with a challenging period with the decline in the prices of a number of crypto assets last June, CoFTRA remains optimistic about positive growth until the end of the year.

"We remain optimistic that the enthusiasm of the community will continue to increase. We hope that the transaction value and number of customers throughout 2024 can be higher than the previous year," Tirta said in a statement quoted Friday, July 26.

Tirta also said that CoFTRA continues to be committed to continuing to support the growth of this industry through appropriate regulations and strong consumer protection.

"CoFTRA certainly hopes that the transaction value and number of customers in 2024 can be higher than the previous year," concluded Tirta.