Indonesia

4.5% of Indonesians own cryptocurrency

How many cryptocurrencies owners in Indonesia?

It is estimated that 12 million people, 4.5% of Indonesia’s total population, currently own cryptocurrency.

State of cryptocurrencies in Indonesia

Cryptocurrency trading as a commodity in Indonesia is legal and is officially regulated by the Commodity Futures Trading Regulatory Agency (BAPPEBTI), a body under the Ministry of Trade.

Based on CoFTRA data, cryptocurrencies investment transactions in Indonesia reached IDR 478.5 trillion as of July 2021, an increase of 5 times. Meanwhile, the average transaction value in the Indonesian cryptocurrencies market can reach IDR 1.7 trillion per day.

Indonesian Central Securities Depository (KSEI) data show that the total number of portfolio investors – indicated by the number of single investor identities (SIDs) – reached 7.35 million as of Dec 2021, marking an increase of 89.58 percent from 2020.

Indonesia cryptocurrencies ownership demographics

As of 2021, it is estimated that 51% of the cryptocurrencies users in Indonesia are male, and 49% are female.

According to our data, cryptocurrency ownership in Indonesia has increased from 2.7% in 2020 to 4.5% in 2021, representing an increase of about 5 million cryptocurrency users.

Cryptocurrencies's rising popularity in Indonesia

• Indonesia – World’s 4th Largest Populous Country Sets Eyes on Becoming the Cryptocurrencies Capital of Asia – Jun 2022
  Cryptocurrencies ownership in Indonesia is increasing thanks to tripartite efforts by the government, the private industry, and cryptocurrencies communities, to grow this sector.

• Indonesia’s Growing Cryptocurrencies Industry – Mar 2022
  Cryptocurrency is becoming increasingly mainstream in Indonesia, such that cryptocurrencies startups are now eyeing Indonesia as a key market for cryptocurrency services.