JAKARTA - The latest data from the Commodity Futures Trading Supervisory Agency (CoFTRA) noted that the number of crypto investors in Indonesia grew 0.87 percent in May 2023 with 17.4 million people, compared to 17.25 people in April.
Although the growth trend of crypto investors can be said to be increasing and still positive, it is important to note that this growth rate tends to slow down.
However, it should be admitted that there has been a decrease in the value of crypto transactions in the country recently. In May 2023, the transaction value reached IDR 8.21 trillion, a decrease of 23.8 percent compared to the previous month which reached IDR 10.77 trillion.
In addition, when compared to the previous year period, the value of domestic crypto transactions decreased significantly by 67 percent, with a record transaction value of IDR 24.86 trillion in May 2022.
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On the other hand, Tokocrypto CEO, Yudhono Rawis emphasized that although the condition of the crypto market has not fully recovered from the market fall that occurred in 2022, Tokocrypto managed to record an increase in transactions of more than 10% in the same period on an annual basis.
"Although the global situation slightly hampers the growth of trade transactions in Indonesia as a whole, we can ensure that the company's activities and trade transactions run normally," Yudho explained.
Overall, according to Yudho, despite the recent challenges, the crypto asset industry remains resilient and continues to attract investors who recognize its long-term growth potential.
"With continuous progress and efforts to improve the crypto asset ecosystem, industry stakeholders aim to create a sustainable and growing environment for investors in Indonesia," he concluded.
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