INDODAX CEO: Southeast Asia Region Candidate Key Leader Of The World Crypto Industry

JAKARTA - The development of crypto assets in the Southeast Asia region is currently experiencing a significant increase. Based on research from Statista, the crypto market in the region is estimated to reach US$1,787 million or around Rp27.5 trillion in 2024. Southeast Asia is also predicted to grow by 8.75 percent over the next four years.

Oscar Darmawan, CEO of INDODAX, one of the leading crypto exchanges in Indonesia, stated his commitment to continue to create a healthy crypto ecosystem in Indonesia. INDODAX has also collaborated and coordinated with stakeholders to increase crypto adoption in Indonesia.

"Based on the results of a survey conducted by Chainalysis, Indonesia is ranked fifth as the country with the largest crypto growth in the world, with a profit of 1.06 billion US dollars. This rating shows that interest and adoption of crypto assets continues to grow in Indonesia," said Oscar Darmawan, in his statement, Wednesday 24 April.

On the other hand, Oscar Darmawan also said that if Indonesia has great potential to become a key player in the crypto industry in Southeast Asia. However, to realize this potential, strong support is needed from all relevant parties.

"We believe that with close cooperation between the public and private sectors, we can create an ecosystem that is friendly to innovation and new technology, which will ultimately provide great benefits for the people of Indonesia and the economy as a whole," said Oscar Darmawan.

Oscar Darmawan also explained that Indonesia has a great opportunity and a strong foundation to develop the crypto industry.

"As many as 69 percent of Indonesians are in the age range of 15 to 64 years. Indonesia will also experience a demographic bonus in 2045. According to data from the Ministry of Finance, 80 percent of the majority of Indonesia's population is still not or less affordable by banking services. This opens up wide opportunities for crypto industry players to educate them as an effort to increase crypto adoption in Indonesia," said Oscar Darmawan.

Moreover, according to Oscar Darmawan, currently Indonesia has complete regulations and a mature ecosystem.

"Currently the government is also boosting the growth of the crypto industry in Indonesia. Therefore, by having great market potential, support from various related parties, as well as a commitment to continue to innovate and improve services, INDODAX believes Indonesia has a great opportunity to become a leader in the crypto industry in the Southeast Asia region," said Oscar Darmawan.

Oscar Darmawan also added that currently crypto assets in Indonesia will be regulated under the authority of the Financial Services Authority. This indicates that digital assets have been seen as one of the serious financial assets and have great potential in Indonesia.

"We from INDODAX are always ready to support crypto transformation which will soon be regulated under the authority of the OJK. Let's collaborate together to create a healthy and sustainable crypto ecosystem," said Oscar Darmawan.