JAKARTA - Throughout 2025, the Indonesian crypto asset market showed positive data. As of October 2025, Indonesia has 19.08 million investors, with transactions exceeding IDR 446.77 trillion from January to November.
Even though it makes Indonesia one of the largest crypto markets in absolute terms, its penetration is still around 7% of the population, indicating that the growth space is still wide.
However, Tokocrypto CEO Calvin Kizana assessed that Indonesia's growth space is still wide open by 2026, especially because the penetration of crypto is only around 7% of the population.
If the global market conditions are more conducive and interest in risky assets strengthens again, the growth of adoption has the potential to be faster.
"In an optimistic scenario, the number of national crypto investors can increase by around 7-8 million, so that the total can potentially approach 26-27 million investors. Meanwhile, in a more moderate scenario, the addition of around 4-5 million investors can push the total investor to be in the range of 23-24 million by the end of 2026," he explained.
In terms of activity, he assessed that the strong transaction base throughout 2025 opens up opportunities for increasing transaction values in 2026, as the public's interest in investing and trading crypto assets grows.
"We hope that 2026 will be a turning point, so that transaction values will increase again as the market matures and the participation of more qualified users," said Calvin.
Calvin emphasized that the industry's focus in the future is not only on growth in numbers, but also on user quality, education, security, and the sustainability of the ecosystem so that growth can be maintained in the long term.
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