The post 72% of Indonesian Crypto Exchanges Still Unprofitable Despite 20M Users appeared on BitcoinEthereumNews.com.

Indonesia’s Financial Services Authority (OJK) reported that approximately 72% of licensed crypto exchanges in the country remained unprofitable as of the end of 2025, even as the number of crypto users surpassed 20 million. The figures highlight a structural challenge: a booming user base that increasingly prefers overseas platforms, leaving domestic exchanges struggling to compete. Sponsored Sponsored Indonesia’s Cost and Liquidity Gap According to OJK data cited by local media, the total value of crypto transactions fell to IDR 482.23 trillion (~$30 billion) in 2025, down from IDR 650 trillion in 2024. OJK attributed this to Indonesian investors increasingly trading through regional and global platforms rather than domestic exchanges. Indodax CEO William Sutanto said the outflow stems from traders seeking more competitive conditions abroad. “The number of crypto users in Indonesia is already large, but domestic transaction value isn’t optimal because much of the activity flows into the global ecosystem. The market will look for places with more efficient execution and competitive costs,” Sutanto said. He pointed to an uneven playing field: domestic exchanges bear tax and compliance burdens that foreign platforms serving Indonesian users do not face. Indonesian investors can still access overseas exchanges via VPN, with deposits processed through local banks. “Foreign exchanges don’t have the same tax and compliance burdens as domestic players, but they can still be accessed by Indonesian investors,” Sutanto noted. Indonesian crypto users speaking to BeInCrypto cited multiple reasons for preferring overseas platforms: lower costs, faster withdrawals, and lingering security concerns after Indodax’s 2024 hack. “Local exchanges ask for so much paperwork for withdrawals over $1,000. With P2P on global exchanges, it takes less than a minute,” one user said. Sponsored Sponsored Structural Pressures The Indonesian crypto market underwent a major regulatory shift on January 10, 2025, when oversight transferred from the Commodity…

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Filed under: News - @ January 30, 2026 12:26 am