The Financial Services Authority (OJK) has reported highly dynamic\nand fluctuating developments in cryptocurrency transactions over the\npast five years. The fluctuations in crypto transactions are mainly\ninfluenced by geopolitical conditions.<\/p>\n
\u201cOver the past five years, the value of crypto transactions in\nIndonesia has shown fluctuating dynamics, with an increasing adoption\ntrend,\u201d stated Adi Budiarso, Head of Executive for Oversight of\nFinancial Sector Technology Innovation, Digital Financial Assets, and\nCrypto Assets at OJK, during the Opening of Crypto Literacy Month (BLK)\n2026 in Jakarta on Tuesday (7\/4\/2026).<\/p>\n
In detail, the value of crypto transactions in 2021 reached Rp 859.4\ntrillion. This figure dropped by more than half in 2022 to Rp 306.4\ntrillion. Subsequently, in 2023, the value of crypto asset transactions\nplummeted to Rp 149.25 trillion.<\/p>\n
Then, the value of crypto transactions surged in 2024 to Rp 650.61\ntrillion. Meanwhile, in 2025, it fell by around 25.9 percent from the\nprevious year to Rp 482.23 trillion.<\/p>\n
\u201cThe decline in transaction value in 2025 is more appropriately\nviewed as a normalisation from the high surge in 2024 (high base\neffect), not as structural weakness,\u201d said Adi.<\/p>\n
He views this performance as needing deeper reflection as a basis for\ndetermining appropriate steps by regulators in developing the digital\nasset industry, particularly crypto assets.<\/p>\n
Meanwhile, data on crypto asset trading performance in 2026 recorded\na transaction value of Rp 37.29 trillion in January, comprising spot\ncrypto transactions of Rp 29.28 trillion and crypto derivative\ntransactions of Rp 8.01 trillion. In February 2026, the figure declined.\nOJK recorded crypto transaction values at Rp 29.4 trillion, including\nspot transactions of Rp 24.33 trillion and derivative transactions of Rp\n5.07 trillion.<\/p>\n
According to Adi, this decline was caused by several factors,\nincluding geopolitical tensions that drove increased risk-off sentiment\nin global financial markets. Additionally, tightening monetary policy\nand high interest rates in the US reduced global liquidity, and there\nwas large-scale liquidation of leveraged positions in the crypto\nmarket.<\/p>\n
Regarding the strengthening of transaction values in 2024, Adi noted\nthat it was driven by the Bitcoin halving phenomenon in April 2024. The\nBitcoin halving is an event that halves the mining reward while reducing\nthe rate at which new coins enter circulation.<\/p>\n
\u201cWe need to continue learning how to handle, especially the risks\nthat occur in these transactions,\u201d said Adi.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/indonesias-crypto-transactions-fluctuate-over-five-years-influenced-by-geopolitics-1775609604", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }