Surge in Crypto Investors Reaches 19.08 Million, Indonesia Targeted by Global Exchange

The Indonesian crypto asset industry is entering a new phase as more and more global exchanges announce plans to expand to Indonesia in 2026. This development reflects the increasing attractiveness of Indonesia as one of the largest crypto markets in Southeast Asia, as well as marking a significant change in the dynamics of industry competition.

This attraction is reflected in the growth in the number of investors and the contribution of the crypto sector to the national digital economy. Data from the Financial Services Authority (OJK) noted that as of October 2025, the number of crypto asset consumers in Indonesia reached 19.08 million investors, up 2.5% compared to September 2025 when there were 18.61 million investors. This increase occurred even though the monthly crypto transaction value experienced fluctuations.

OJK also recorded that the value of crypto asset transactions in November 2025 reached IDR 37.2 trillion, with total transactions throughout 2025 (year to date) amounting to IDR 446.77 trillion. This figure confirms that public trust in digital assets remains strong amidst global market dynamics.

In terms of state revenue, the digital economic sector is showing an increasingly real contribution. Data from the Directorate General of Taxes (DJP) as of October 31 2025 recorded that total digital economy tax payments reached IDR 43.75 trillion. Of this amount, crypto assets contributed IDR 1.76 trillion, an increase compared to crypto tax revenue until September 2025 which was recorded at IDR 1.71 trillion. This trend shows continued growth since the crypto tax was first implemented in 2022.

Tokocrypto CEO, Calvin Kizana, assesses that the increasing interest in global exchanges entering Indonesia cannot be separated from a combination of the large user base, increasingly mature regulations, and the contribution of the crypto industry to the national economy.

“The entry of global exchanges with large capital support shows that Indonesia is now seen as a strategic market at the global level. This is a positive signal that the national crypto ecosystem is becoming more mature and trusted,” said Calvin.

Dynamics of Crypto Industry Competition

Calvin explained that current market conditions are very different compared to when global exchange first entered Indonesia several years ago. “When Indonesian market conditions were still in a very early phase. Regulations were not as clear as they are now and user literacy levels were still developing. The presence of global players at that time helped build trust, liquidity and industry standards,” he explained.

However, with more established regulations and a more experienced user base, the current influx of global exchanges directly affects the competitive structure. “Today, the entry of foreign exchanges no longer just expands the market, but directly influences the dynamics of competition, starting from pricing, liquidity, technology, to the speed of innovation. However, this is still positive for the ecosystem as a whole,” added Calvin.

Tokocrypto Strategy Ahead of 2026

Responding to the expansion plans of a number of global exchanges, Tokocrypto emphasized that this development had been anticipated in the company’s strategic roadmap. “We have been mapping the entry of global exchanges into Indonesia for a long time and are part of our main strategy towards 2026. Our focus remains on three main pillars: regulatory compliance, strengthening products based on local needs, and sustainable user growth,” said Calvin.

Tokocrypto will strengthen the development of features, tokens, and partnerships with various local partners, both in the Web3 and Web2 sectors, including traditional financial institutions, e-commerce, and the F&B sector. “We not only want to be strong in terms of trading, but also in terms of education, ease of onboarding, Web3 integration, and user experience that is relevant to the Indonesian market. In terms of user acquisition, we choose healthy and long-term growth,” he stressed.

Consolidation and User Loyalty

The entry of global exchanges is also expected to increase competition in the large volume trader segment, which has been one of Tokocrypto’s strengths. “We realize that competition in the high-volume trader segment will become increasingly intense, especially in terms of fees, liquidity, and products such as derivatives and staking. However, for many traders and investors, trust factors, regulatory compliance, and sustainability remain the main considerations,” said Calvin.

Furthermore, Calvin sees this step as a signal of the next phase of national crypto industry consolidation. “This is a natural process in an industry that is increasingly regulated and requires scale, capital and strong governance. Tokocrypto is in a relatively mature position because it has gone through an earlier consolidation phase,” he said.

Even though global brands have great power, Calvin emphasized that the loyalty of crypto users in Indonesia is not solely determined by big names. “Community factors, local proximity, cultural understanding, and consistency of service play a very big role. With more than 19 million investors, or around 10% of Indonesia’s population, this market is still very broad and allows for different positioning,” concluded Calvin.

About Tokocrypto

Tokocrypto is the No.1 crypto asset trader in Indonesia which was founded in 2018 and is registered with the OJK as a Digital Financial Asset Trader (PAKD), as well as being a member of the Crypto Exchange and Clearing House. With support from Binance, Tokocrypto offers crypto investment services that are safe, transparent and easy to use. This platform records an average daily transaction value of US$30 million, provides more than 400 tokens/coins and 600 trading pairs, and is trusted by more than 4 million users in Indonesia. For further information, visit: www.tokocrypto.com.