Crypto Transactions Reach IDR 301.75 Trillion

Jakarta –

The Financial Services Authority (OJK) recorded an increase in the value of crypto asset transactions in the first six months of 2024. Crypto asset transactions were recorded at IDR 301.75 trillion in the first semester of 2024.

“Growing 354.17% compared to the same period in the previous year,” said the Head of the Department of Financial Services Technology Innovation, Digital Financial Funds and Crypto Funds Financial Services Authority (OJK) Hasan Fawzi in a virtual press conference , Monday. (5/8/2024).

At the same time, the total number of crypto asset investors until June 2024 continues to grow with a total of 20.24 million investors. That figure increased from 19.75 million investors in May.

“In the same period, the value of crypto asset transactions decreased from IDR 49.8 trillion at the end of May 2024 to IDR 40.85 trillion in June 2024,” he explained.

Hasan said that the number of crypto asset investors in Indonesia is said to be the seventh largest in the world. The data was obtained from the 2023 Global Crypto Adoption Index.

“In addition, from a global perspective, Indonesia is the fifth largest country that shows great interest in activities in crypto assets,” he said.

With the growing number of crypto fund investors, OJK does not see any shift in investors from the stock market to crypto funds. Because investors in crypto assets are mainly investors with an initial investment profile according to various sources.

“Therefore, we see that there is no complete movement of investors from the stock market to the crypto market. In this case, good instruments have their own characteristics for investment transactions that investors choose,” he concluded.

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