Indonesia’s crypto trading hits $28.6b in 2025: OJK

Indonesia’s cryptocurrency trading value reached 482.2 trillion rupiah (US$28.6 billion) in 2025, according to the Financial Services Authority (OJK).

The agency said the number of registered cryptocurrency consumers rose to 19.6 million in November 2025, up 2.5% from October.

Cryptocurrency transaction value in December 2025 fell 12.2% to 32.7 trillion rupiah (US$2 billion), compared to November.

The agency issued administrative sanctions to 13 fintech operators and 30 digital asset and cryptocurrency firms last year, including 33 fines and 37 written warnings.

🔗 Source: CNBC Indonesia

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December trading dip hints at friction as the Financial Services Authority (OJK) settles in

December 2025 trading value fell 12.2% month over month to Rp32.7 trillion as OJK took over crypto supervision from the Commodity Futures Trading Regulatory Agency (Bappebti), Indonesia’s commodity futures regulator 1, on 10 January 2025.
Full-year 2025 totaled Rp482.2 trillion, below 2024’s Rp650.61 trillion after a 335.9% surge 2. Registered cryptocurrency consumers fell from 22.11 million in November 2024 3 to 19.6 million in November 2025.
OJK issued 33 fines plus 37 written warnings to 43 firms in 2025, including 13 fintech operators and 30 digital asset or crypto firms. Trading may have cooled as exchanges adjusted to stricter compliance.

Compliance vendors see openings as OJK tightens crypto oversight

OJK Regulation (POJK) 16/2025 mandates competence plus compliance assessments for controlling shareholders, boards, and commissioners of crypto asset operators 4. The rule starts on 1 October 2025 and drives demand for regulatory technology (regtech) that automates integrity checks plus financial reputation screening.
Sanctioning 43 firms pushes the 16 licensed “physical” crypto traders (Indonesia’s term for spot exchanges/brokers) and 14 prospective traders as of November 2024 1 to invest in Anti-Money Laundering (AML)/Know Your Customer (KYC) systems plus real-time transaction monitoring to avoid penalties.
Vendors that offer market surveillance tools, governance dashboards, or automated reporting will stand out. Map features to OJK Regulation (POJK) 27/2024 and OJK Circular Letter (SEOJK) 20/2024 1 to help operators stay compliant without disruption.