CFX Crypto Exchange Slashes Fees to Attract Domestic Trading
Indonesia’s domestic cryptocurrency exchange PT Central Finansial X, known as CFX, is reducing transaction fees by up to 50 per cent from 1 March 2026. This measure is designed to attract the flow of transactions from Indonesian investors who have been conducting trades on offshore platforms.
CFX is cutting fees from 0.04 per cent to 0.02 per cent, with a further reduction to 0.01 per cent scheduled for 1 October 2026. This policy makes the domestic cryptocurrency trading cost structure significantly more competitive.
The industry has responded positively. William Sutanto, CEO of Indodax, stated that cost efficiency is crucial for the long-term sustainability of the cryptocurrency industry. He explained that one of the primary challenges has been the fee structure, which is considered more expensive and encourages consumers to trade on unauthorised offshore platforms rather than those properly licensed by the Financial Services Authority (OJK).
“A more efficient and competitive fee structure is a positive development for the cryptocurrency asset industry as it can encourage higher trading frequency. It can also attract back consumers who have been trading on offshore platforms to return to domestic exchanges. In the long term, this can deepen domestic market liquidity and make our ecosystem more competitive compared to global markets,” William explained in Jakarta on Friday, 27 February 2026.
Research from LPEM FEB UI (Institute for Economic and Social Research, Faculty of Economics and Business, University of Indonesia) indicates that trading volume by Indonesian consumers on unauthorised offshore platforms is 2.6 times higher than on licensed domestic platforms. This data reinforces concerns about capital outflow in the cryptocurrency industry.
Adrian Sudirgo, Managing Director of PT Kagum Teknologi Indonesia (Ajaib), said that the fee adjustment is part of the increasingly competitive industry dynamics. “In an increasingly competitive ecosystem, adjusting the fee structure is one strategy that industry players can consider. Ultimately, this development is expected to benefit consumers and encourage healthier industry growth,” Adrian stated.