Indonesia has emerged as the second-largest crypto market in the Asia-Pacific region, recording a 103% growth in on-chain value received between July 2024 and June 2025. This adoption rate places Indonesia right below Japan, which posted a 120% increase.

In the Asia-Pacific region, crypto transactions have expanded rapidly, with monthly on-chain transaction values soaring from US$ 81 billion in July 2022 to US$ 244 billion in December 2024. This surge has been fueled by global market recovery and the growing trend of digital investments.

So far in 2025, up to mid-year, the transaction volume has remained above US$ 185 billion per month. According to Tokocrypto CEO Calvin Kizana, Indonesia’s adoption of crypto reflects what is happening on the ground, where the number of investors continues to rise along with trading activities, both in the spot market and derivatives (futures).

“Indonesia’s achievement of ranking second after Japan is truly remarkable. This highlights the rapid acceleration of crypto adoption in the country, supported by clearer regulations and increasing public trust in digital assets. The younger generation also plays a vital role, acting as the driving force behind the strengthening of the national digital economy,” said Calvin in his written statement, Thursday (Sept 25, 2025).

Calvin further noted that trading volume on Tokocrypto grew 10% year-on-year as of July 2025. He emphasized that one of the key drivers of this surge in adoption is the demographic dominance of digital-native youth who are naturally accustomed to technology.

The combination of these factors pushed Indonesia to record a 103% growth over the past year. This achievement underscores the growing role of the national crypto ecosystem as a crucial pillar in Asia-Pacific’s development.

“With stronger regulatory support and increasingly advanced product innovations, broader access has been unlocked, making crypto asset transactions easier, faster, and more inclusive across all segments of society. On the other hand, government policies and regulators such as the OJK continue to strengthen industry governance, providing greater certainty for market players in terms of both consumer protection and opportunities for innovation in the digital financial sector,” Calvin explained.