According to a report from the Jakarta Globe, cryptocurrency trading in Indonesia experienced a significant surge in 2024, with a 335.9% expansion in trading activity, reaching Rp 650.61 trillion ($40.2 billion). The increase was attributed to a growing user base and higher transaction volumes. The number of registered crypto users in the country also grew to 22.1 million, with expectations of surpassing 25 million in the near future. The most actively traded cryptocurrencies in Indonesia include tether, bitcoin, dogecoin, pepe, and XRP. The Commodity Futures Trading Regulatory Agency (Bappebti) announced that its role in cryptocurrency regulation will shift to the Financial Services Authority (OJK) this year, while maintaining authority over commodity futures trading. The commodity futures market in Indonesia also saw notable growth, with trading values rising 29.34% to Rp 33,214 trillion ($2 trillion). Key commodities traded include tin, crude palm oil, gold, coffee, and cocoa. The introduction of the Indonesian Crude Palm Oil Exchange (ICDX) in October 2023 aimed to enhance market transparency and price accuracy.



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