Indonesia is seeing continued growth in cryptocurrency adoption as investor participation increases. Data from regulators and industry groups shows strong interest from younger investors, despite reduced trading activity. Population trends and regulatory oversight contribute to a more balanced market.
OJK reports rising investors despite decline in trading volume
The Indonesian Financial Services Authority (OJK) said crypto remains a popular investment among younger Indonesians. Interest remained high despite the high risk associated with digital assets. The number of investors continued to rise in 2025, even as trading volumes fell from the previous year CNBC Indonesia.
Hasan Fauzi, Managing Director of the Financial Sector Technology Innovation Supervisory Agency (ITSK), reported that crypto transactions reached a value of IDR 482.23 trillion in 2025. This figure fell from the more than IDR 650 trillion recorded in 2024.
Yet consumer growth continued to rise. Indonesia had 20.19 million registered crypto investors at the end of December 2025. He further described the growth in the number of investors as very significant. Most new investors came from younger age groups, which are dominated by the working population.
According to Hasan, public interest in crypto is closely linked to this demographic trend. Younger Indonesians are more open to digital financial products and willing to take higher risks in exchange for potential returns. While trading activity slowed in terms of value, participation among the population increased.
“Again, even though the transactions are lower for the same size of the tax component, the tax contribution is much higher. In November alone, it was recorded at Rp 719.61 billion.”
Hasan Fauzi, CEO of the Financial Sector Technology Innovation Supervisory Agency (ITSK), said.
Lower transaction values ​​have not reduced the sector’s contribution to state revenues. The CEO also noted that crypto activity will support higher tax revenues in 2025. OJK sees this as a signal for digital asset traders and platforms to more actively comply with legal and tax obligations.
Indonesia will register more than 19 million active crypto users by 2025
The 7th edition of the Indonesia Crypto & Web3 Report 2025 places Indonesia among the top 10 crypto markets worldwide. According to the report, the country ranks fourth in the Asia-Pacific region in terms of on-chain transaction value, alongside India, South Korea and Vietnam.
Based on research results and on-chain data, the report follows the most important developments in the Indonesian crypto market. More than 19 million users actively trade or own crypto in the country. The data shows that Indonesia has moved beyond the early retail stage and laid a foundation for institutional participation.
Meanwhile, retail investors continue to dominate crypto usage in Indonesia, although trading behavior appears measured. Survey results show that 58.2% of users own crypto as a long-term investment, while only 20.2% focus mainly on short-term trading.
About 93% of Indonesians surveyed said they were familiar with digital assets. Yet about 7% remain outside the market due to limited insight.
Looking ahead to 2026, the report points to stablecoins, institutional engagement and education as key growth areas. There are already several rupiah-pegged stablecoins in circulation, and more products are under review in OJK’s regulatory sandbox.
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