{
    "success": true,
    "data": {
        "id": 2037580,
        "msgid": "crypto-exchange-cfx-cuts-transaction-fees-to-0-01-per-cent-1791982285",
        "date": "2026-10-14 18:47:37",
        "title": "Crypto Exchange CFX Cuts Transaction Fees to 0.01 Per Cent",
        "author": "",
        "source": "ANTARA_ID",
        "tags": "",
        "topic": "Finance",
        "summary": "Indonesia\u2019s licensed crypto exchange CFX will halve its transaction fee to 0.01 per cent from 1 October 2026, aiming to boost trading activity and domestic market liquidity. The move comes as spot and derivatives transaction values recovered in the third quarter, while the number of crypto consumer accounts continued to grow.",
        "content": "<p>Jakarta (ANTARA) \u2013 PT Central Finansial X (CFX), the first\ncrypto-asset exchange licensed and supervised by the Financial Services\nAuthority (OJK), will cut transaction fees by 50 per cent, from 0.02 per\ncent to 0.01 per cent per transaction, effective 1 October 2026.<\/p>\n<p>The fee reduction is expected to encourage activity and increase\nliquidity in domestic crypto-asset trading.<\/p>\n<p>CFX President Director Subani said in a statement in Jakarta on\nWednesday that the adoption of crypto assets in Indonesia continued to\ndevelop positively despite a correction in global crypto markets. This\nwas reflected in the recovery in crypto-asset trading transaction values\nin the third quarter of 2026, following a correction in the first half\nof the year.<\/p>\n<p>Transaction values on the CFX Crypto Exchange rose for three\nconsecutive months, from Rp15.2 trillion in July 2026 to Rp17.6 trillion\nin August and Rp22.1 trillion in September.<\/p>\n<p>Recovery was also evident in crypto-asset derivatives trading.\nDerivatives transaction values rose from Rp3.75 trillion in July to\nRp5.98 trillion in August and Rp7.32 trillion in September 2026.<\/p>\n<p>September\u2019s derivatives transaction value was therefore almost double\nJuly\u2019s.<\/p>\n<p>In terms of the consumer base, OJK data showed that the number of\ncrypto-asset consumer accounts reached 22.93 million as of July 2026, up\n39 per cent year on year.<\/p>\n<p>\u201cThe recovery in the third quarter is a positive signal for the\nmarket, in both spot and derivatives trading, particularly after a\nchallenging first half. We hope this recovery momentum continues so the\nindustry can grow stronger,\u201d Subani said.<\/p>\n<p>As an OJK-licensed and supervised crypto-asset exchange, CFX is also\ncontinuing to strengthen its role in safeguarding market integrity and\nsecurity.<\/p>\n<p>By providing orderly, fair and efficient trading, CFX and other\nindustry participants \u2014 from digital financial asset traders to clearing\nand custodian institutions \u2014 are working to ensure consumers can trade\nin a protected and accountable ecosystem.<\/p>\n<p>Subani said the enactment of Law No.\u00a04 of 2026 had also opened up\nopportunities for the development of the crypto-asset industry,\nincluding through the development of derivative products.<\/p>\n<p>CFX, he added, was ready to support this development by providing\nreliable trading infrastructure to ensure the industry\u2019s growth remained\norderly, fair and efficient.<\/p>\n<p>\u201cWith a more efficient exchange fee structure and a more mature\nregulatory climate, we hope Indonesia\u2019s crypto-asset market will\ncontinue to grow more healthily for the rest of this year. Consistent\ngrowth in the number of consumers is a positive sign that public\ninterest in crypto assets remains strong, even amid the market\ncorrection,\u201d he said.<\/p>\n<p>He added that CFX was working to ensure the industry\u2019s growth was\nsupported by reliable infrastructure and a healthy trading\nenvironment.<\/p>\n<p>\u201cWe are optimistic that, with collaboration across the ecosystem,\nIndonesia\u2019s crypto-asset industry can grow sustainably,\u201d Subani\nconcluded.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/crypto-exchange-cfx-cuts-transaction-fees-to-0-01-per-cent-1791982285",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}