Crypto Asset Transaction Value in Indonesia Soared 1,222% in 2021

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Cindy Mutia Annur 12/04/2022 10:50 WIB

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The Commodity Futures Trading Regulatory Agency (Bappebti) recorded a 1,222% surge in cryptocurrency transaction value in Indonesia during 2021.

Indonesia Cryptocurrency Transaction Value (2020-2022*)

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Indonesia Cryptocurrency Transaction Value (2020-2022*)

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Crypto asset trading in Indonesia has increased year on year. The Commodity Futures Trading Supervisory Agency (Bappebti) recorded that the value of crypto asset transactions in Indonesia reached Rp859.4 trillion in 2021.

The value of these crypto asset transactions soared by 1,222% compared to the previous year. In 2020, the value of crypto asset transactions domestically amounted to Rp64.9 trillion.

Bappebti's report shows that the average monthly growth in the value of crypto asset transactions reached 16.2% throughout 2021. Meanwhile, the average daily value of crypto asset transactions reached Rp2.35 trillion last year.

The increase in the number of transactions is inseparable from the increase in the number of crypto investors in Indonesia. The number of crypto investors at the end of 2021 had reached 11.2 million. In 2020, the number of investors only reached 4 million. This means that in the last year, the number of crypto investors has increased by 180%.

Until February 2022, the value of crypto asset transactions in Indonesia had reached Rp83.8 trillion. The number of investors has increased by 532,102 to 12.4 million.

The agency under the Ministry of Trade stated that there were 229 crypto assets until February 2022, including Bitcoin, Ethereum, Litecoin, and Doge Coin.

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."