1,5 min read –
USD 34 Billion in Crypto Transactions –
In Indonesia –
Per Year
The Rise of Crypto in Indonesia
It’s hard to ignore the growing buzz around crypto assets, blockchain, Web3, decentralized finance (DeFi), and real-world asset tokenization.
A new wave of disruptive technology is rapidly reshaping the global economy, and Indonesia is riding the crest.
With a population of 275 million, mostly young and tech-savvy, Indonesia has become one of the world’s most dynamic crypto markets.
Between 2023 and 2024, the country’s crypto and Web3 sector experienced explosive growth, fueled by diversification, institutional involvement, and government support.
Indonesia is now positioning itself as a global blockchain leader.
🔍 Key Industry Highlights
Blockchain company boom: A 72% increase brought the number of blockchain companies in Indonesia to over 2,200.
Government support: Ministries and regulators have intensified efforts in 2024.
New legal framework: The KBLI 62014 classification has made company registration and oversight more efficient.
📈 Adoption & Market Size
Indonesia ranks in the top three countries globally for cryptocurrency adoption.
22 million crypto investors (as of Nov. 2024), up 21% YoY
IDR 556 trillion in crypto transactions (~USD 34 billion), up 356% YoY
Most traded assets: USDT, BTC, DOGE, PEPE, XRP
💼 How Indonesians Use Crypto
55%: Long-term investment
28%: Trading
67%: Store crypto on centralized exchanges (CEXs)
24%: Use hot wallets
50%: Use decentralized exchanges (DEXs)
⚖️ Regulation & Supervision
Indonesia has taken bold steps to regulate and support its growing crypto industry:
Legal entities are now allowed to trade crypto under updated Bappebti rules.
Transition of oversight: As of January 2025, the Financial Services Authority (OJK) now supervises crypto exchanges, taking over from Bappebti.
Over 150 projects have joined the OJK’s regulatory sandbox to test innovations in digital finance.
🌊 Whether You Like It or Not…
Crypto adoption is accelerating. The exponential phase of the curve has begun, and it doesn’t wait for anyone.
Indonesia is one of the best places to catch the wave.
🤝 We Can Help
We’re CINTASIA. Since 2022, we’ve been helping companies bring their technologies to Indonesia.
PS: This article is based on insights from the 34-page “Indonesia Crypto & Web3 Industry Report.”
📩 Email us at bonjour@cintasia.com to request your free copy.
Source: Report by Asosiasi Blockchain Indonesia, Asosiasi Pedagang Aset Kripto Indonesia, Coinvestasi, and Indonesia Crypto Network.