Indodax States That Crypto is No Longer Just a Technological Experiment
Jakarta, VIVA – PT Indodax Nasional Indonesia (Indodax) has recorded that it now has almost 10 million members. As the industry approaches the commemoration of Bitcoin Pizza Day on 22 May, this achievement illustrates how the crypto industry in Indonesia has evolved from a mere technological experiment into a part of the digital financial ecosystem that is increasingly mature, regulated, and widely trusted by the public.
Chief Executive Officer of Indodax, William Sutanto, said that the growth in the number of members not only shows the high level of public interest in digital assets, but also the increasing need for a crypto trading platform that prioritizes security, transparency, and compliance with regulations.
“The journey of the crypto industry today is very different compared to a decade ago. If in the past the main focus was on access and adoption, now the industry is moving towards a more mature phase by placing trust and user protection as the top priority,” said William, quoted from his statement on Saturday, 16 May 2026.
Bitcoin Pizza Day is a historical moment in the global crypto industry, referring to the transaction of purchasing two pizzas using Bitcoin in 2010. This transaction was a milestone, marking the first time Bitcoin had economic value in the real world.
From this event, crypto has evolved into a digital instrument with an increasing level of adoption globally, including in Indonesia. Based on OJK data as of March 2026, the number of crypto users nationally has reached 21.37 million users. Of this number, almost half, or about 46.5%, are Indodax members.
According to William, the growth of the industry is also accompanied by changes in operational standards that are becoming increasingly stringent. As the number of users increases and the crypto industry is supervised through the Law on the Development and Strengthening of the Financial Sector (UU P2SK), industry players are required to improve governance, transparency, and more comprehensive security systems.
In this regard, he added, the aspect of Know Your Customer (KYC) Hygiene is one of the important foundations for minimizing the risk of identity misuse, digital fraud, and increasingly complex cyber threats in today’s digital era.
“In an industry that is constantly evolving, security is no longer just about protecting assets, but also about protecting users’ digital identities. Therefore, KYC Hygiene practices and strengthening security systems are an important part of building a healthy and sustainable crypto ecosystem,” William continued.