Despite lower volumes, Indonesia’s crypto market expands as young investors drive growth and long-term holding.
Indonesia is seeing continued growth in crypto adoption as investor participation expands. Data from regulators and industry groups show strong interest from younger investors, despite reduced trading activity. Population trends and regulatory oversight are helping shape a more balanced market.
OJK Reports Rising Investors Despite Drop in Trading Volume
Indonesia’s Financial Services Authority (OJK) said crypto remains a popular investment among younger Indonesians. Interest remained strong despite the high risk tied to digital assets. Investor numbers continued to rise throughout 2025, even as trading volumes declined from the previous year, according to CNBC Indonesia.
Hasan Fauzi, Chief Executive of the Financial Sector Technology Innovation Supervisory Agency (ITSK), reported that crypto transactions reached IDR 482.23 trillion in 2025. The figure dropped from more than IDR 650 trillion recorded in 2024.
Even so, consumer growth continued to rise. Indonesia recorded 20.19 million registered crypto investors by the end of December 2025. He further described the growth in investor numbers as very significant. Most new investors came from younger age groups, which is dominated by the working-age population.
According to Hasan, public interest in crypto is closely tied to this demographic trend. Younger Indonesians are more open to digital financial products and are willing to take higher risks in exchange for potential returns. While trading activity slowed in value terms, participation widened across the population.
“Once again, even though the transactions are lower with the same tax component size, the tax contribution is much higher. As of November alone, it was recorded at Rp 719.61 billion.”
Hasan Fauzi, Chief Executive of the Financial Sector Technology Innovation Supervisory Agency (ITSK), said.
Lower transaction values have not reduced the sector’s contribution to state revenue. The chief executive also noted that crypto activity in 2025 will support higher tax income. OJK views this as a signal for digital asset traders and platforms to comply more actively with regulatory and tax obligations.
Indonesia Records Over 19 Million Active Crypto Users in 2025
The 7th Edition of the Indonesia Crypto & Web3 Report 2025 places Indonesia among the top 10 crypto markets globally. According to the report, the country ranks fourth in the Asia-Pacific region for on-chain transaction value, alongside India, South Korea, and Vietnam.
Based on survey findings and on-chain data, the report tracks key developments in Indonesia’s crypto market. More than 19 million users actively trade or hold crypto in the country. The data shows Indonesia is moving past its early retail stage and building a foundation for institutional participation.
Meanwhile, retail investors continue to dominate crypto use in Indonesia, though trading behavior appears measured. Survey results show that 58.2% of users hold crypto as a long-term investment, while only 20.2% focus mainly on short-term trading.
Around 93% of Indonesians surveyed said they are familiar with digital assets. Still, about 7% remain outside the market due to limited understanding.
Looking ahead to 2026, the report points to stablecoins, institutional involvement, and education as key growth areas. Several rupiah-pegged stablecoins are already circulating, with more products under review in OJK’s regulatory sandbox.