Indonesia's Crypto Market Experiences Significant Growth in 2025

Tokocrypto's Reserves Surge to Rp 5.8 Trillion

Tokocrypto, Indonesia's cryptocurrency exchange, has reported a significant increase in its Proof of Reserves (PoR), reaching US$ 345.379.785 or Rp 5.8 trillion as of January 1, 2026. This represents a near doubling of the reserves compared to the initial launch period in 2023. The reserves are primarily composed of major tokens such as Bitcoin (1,246.79999263 BTC), Ethereum (10,005.61888101 ETH), BNB (12,272.89562512 BNB), and Tether (75,520,184.47678899 USDT) ¹

Total Crypto Transactions Reach Rp 482.23 Trillion in 2025

The Financial Services Authority (OJK) reported that the total value of cryptocurrency transactions in Indonesia reached Rp 482.23 trillion in 2025. This significant transaction volume reflects the continued active trading of digital assets despite global market dynamics. The number of crypto investors in Indonesia grew to 19.56 million by November 2025, up from 19.08 million in October 2025 ²

Market Analysis and Regulatory Developments

Antony Kusuma, Vice President of INDODAX, noted that the fluctuation in crypto transactions is part of the market cycle, influenced by global sentiment and macroeconomic conditions. He stated that the decrease in transactions at the end of the year could indicate a healthy market response to global conditions. Throughout 2025, OJK introduced new regulations to strengthen governance and risk management in the digital asset sector, including POJK No. 30/2025 on governance and risk management for financial technology operators, and SEOJK No. 34/2025 regarding business plans for digital financial asset trading operators ²