Indonesia’s crypto trading volume surged 335.9% in 2024 to Rp 650.61 trillion ($40.2 billion), while registered users reached 22.1 million by November. The country is also shifting crypto oversight from Bappebti to the OJK.

Indonesia’s crypto trading volume climbed 335.9% in 2024 to Rp 650.61 trillion ($40.2 billion), while registered users reached 22.1 million and may soon top 25 million.

Indonesia mandates a three-layer system (exchange, clearing, custodian) for all crypto trades. ICEx Group obtains full licenses and raises ~$70M. Crypto investors hit 20.19M, surpassing stock investors.

Indonesia enforces a three-tier crypto market structure modeled on stock exchanges. ICEx Group secures licenses and raises $70M. Crypto investors reached 20.19M by Dec 2025, surpassing 20.13M stock market investors. Analysis of market impact and future outlook.

Indonesia restructures its crypto market with a three-layer system (exchange, clearing, custody) modeled after stock exchanges. ICEx Group raises $70M to build regulated rails. Crypto investors hit 20.19M, exceeding stock market investors, signaling institutional maturity.

Indonesia has enforced a three-layer system requiring all crypto trades to pass through a licensed exchange, central clearinghouse, and independent custodian under OJK oversight. ICEx Group raised $70 million and secured full licenses to build this market infrastructure, a move that could reshape global crypto regulation.

Indonesia mandates a three-layer system (exchange, clearing, custodian) for all crypto trades, mirroring stock market structure. ICEx Group secures $70M and licenses. By Dec 2025, crypto investors (20.19M) overtook stock investors (20.13M), signaling a transformative shift.

Indonesia now requires every crypto transaction to pass through licensed exchange, clearing, and custody. ICEx Group secured $70M to build regulated rails. Crypto investors (20.19M) surpassed stock investors (20.13M) by Dec 2025.