Indodax: Growth in Crypto Asset Users by 1.43 Percent is a Positive Signal
Jakarta (ANTARA) - The Financial Services Authority (OJK) report stating that the number of crypto asset users in Indonesia reached 21.37 million, or a 1.43 percent monthly growth as of March 2026, is seen as a positive signal for the national crypto industry.
Indodax CEO William Sutanto said the growth in the number of users and transactions reflects increasing public trust in the regulated crypto asset ecosystem in Indonesia.
“We see this OJK data as a positive signal for the development of the national crypto industry. The growth in users and transactions shows that public trust in regulated crypto assets continues to increase,” he said in his statement in Jakarta on Friday.
The value of spot crypto transactions, based on OJK data, was recorded at Rp22.24 trillion, while derivative transactions surged 14.26 percent to Rp5.80 trillion.
William added that amid this growth, Indodax recorded a contribution with a total of 9.9 million users and a transaction volume of Rp8.45 trillion, or about 38 percent of the total national crypto transactions for the same period.
Meanwhile, he continued, the total market capitalisation of national digital financial assets and crypto was recorded to have dipped slightly by 0.97 percent to Rp23.36 trillion compared to the previous month.
He said this condition is still reasonable amid global market dynamics influenced by various external factors, including global interest rate policies, US inflation data, and ongoing international geopolitical tensions.
Although the global crypto market remains volatile, he said, digital asset trading activity in Indonesia continues to show a fairly healthy trend.
This is reflected in the spot crypto transaction value of Rp22.24 trillion and the 14.26 percent growth in digital financial asset transactions to Rp5.80 trillion.
“The stability of retail and institutional investor participation also shows that public interest in digital assets, including crypto, remains steady amid evolving global market dynamics,” he said.
He added that this condition indicates that Indonesian crypto investors are becoming increasingly mature in responding to market volatility and dynamics.
He said volatility is an inseparable part of the crypto asset market, especially amid global dynamics such as interest rate policies, market liquidity conditions, and ongoing geopolitical tensions in the Middle East.
“However, what is interesting is that transaction activity and investor interest in Indonesia remain relatively stable. This shows that public understanding of crypto assets is developing and investors are becoming wiser in responding to market movements,” he said.
The strengthening of the national crypto ecosystem, he continued, is also reflected on the regulatory side, where OJK has approved 31 entities in the digital financial asset ecosystem, including exchanges, clearing houses, custodians, and crypto asset traders, and oversees 1,464 crypto assets that can be legally traded in Indonesia.
William said this regulatory development serves as an important foundation for healthy and sustainable industry growth, and the latest data further strengthens optimism towards the development of the crypto asset industry in Indonesia.
“The consistent growth in terms of users and transaction activity shows that the national digital asset ecosystem continues to develop positively, supported by increased literacy, public participation, and a more mature regulatory framework,” he said.