Tokocrypto Partners with BRI and Mandiri to Boost Transactions

Jakarta (ANTARA) - Tokocrypto has partnered with BRI and Bank Mandiri by adding new deposit channels to its platform. This step is intended to facilitate public access and encourage increased transaction activity amid the weakening cryptocurrency market. “The addition of these deposit channels is part of our efforts to make access to the crypto market easier and more inclusive. With more payment method options, we hope to stimulate investors to become active in transacting again,” said Tokocrypto CEO Calvin Kizana in a statement in Jakarta on Friday. According to data from the Financial Services Authority (OJK), the value of cryptocurrency asset transactions in February 2026 was recorded at Rp24.33 trillion, down from Rp29.28 trillion in January. This decline aligns with price corrections in several global cryptocurrency assets and international economic dynamics. In response to the situation, Calvin explained that the weakening of transactions is part of the market cycle. “The crypto market is currently entering a consolidation phase after experiencing a significant surge in the previous period. This condition is marked by price corrections and declining transaction volumes, also influenced by global economic dynamics, including geopolitical tensions and high interest rate policies in the United States,” he stated. Rising geopolitical tensions are driving risk-off sentiment in financial markets, while high interest rate policies are triggering liquidations of leveraged positions in the crypto market, directly impacting the decline in transaction volumes. On the other hand, although the Bitcoin ETF recorded inflows of US$1.13 billion in March, this trend weakened with weekly outflows of US$296 million at the end of the month. Entering early April, inflows were recorded at around US$69.6 million, indicating that institutional interest still exists but is not yet strong enough to drive a market rally. In line with the OJK’s push to strengthen the crypto industry, Tokocrypto continues to implement various strategies to maintain growth. One of them is through the addition of new deposit channels by partnering with BRI and Bank Mandiri, complementing previously available options such as BCA and QRIS. Calvin also emphasised that public interest in cryptocurrency assets remains relatively high. As of February 2026, the number of cryptocurrency consumers in Indonesia reached 21.07 million, growing 1.76 percent monthly. Tokocrypto has around 4.8 million users with transaction values of Rp160 trillion in 2025, reflecting a substantial investor base. Looking ahead, Tokocrypto is optimistic that transaction performance will improve in the second quarter of 2026 along with the potential stabilisation of global macroeconomic and geopolitical conditions. In addition, the momentum of the Crypto Literacy Month (BLK), which runs from April to May 2026, is also expected to enhance public understanding and participation. “We see education as the key to maintaining the industry’s sustainability. Tokocrypto is ready to contribute to increasing investor literacy and awareness, especially in the current somewhat bearish market conditions,” Calvin added.