Indonesia's Crypto Asset Market Grows, CFX Exchange Outlines Four Measures to Sustain Market Growth

Jakarta – October 20, 2025. Indonesia’s crypto asset market showed solid growth in the third quarter of 2025. According to data from the Financial Services Authority (OJK), the total value of crypto asset transactions in the spot market reached IDR 136.31 trillion, an increase of 16% compared to the second quarter of 2025, which stood at IDR 117.52 trillion. In total, the value of crypto asset transactions has reached IDR 360.30 trillion for the period of January to September 2025.

More significant growth occurred in the derivatives market. PT Central Finansial X (CFX) recorded that the value of crypto derivative transactions surged by 118% to Rp52.71 trillion during the same period, up from Rp24.17 trillion in the previous quarter. The total derivative transactions throughout 2025 are now recorded at Rp86.25 trillion.

When combined, the total value of spot and derivative crypto asset transactions has reached Rp446.55 trillion during the January to September 2025 period. Meanwhile, in terms of the number of consumers, OJK data states that the number of crypto asset consumers in Indonesia reached 18.08 million as of August 2025.

Responding to this data, CFX President Director Subani stated that the solid performance of the crypto asset market throughout Q3-2025 indicates strong demand from the public. He also highlighted the growing role of the derivatives market in the national crypto asset ecosystem.

“We are observing a very interesting trend where the contribution of derivative transactions to the total national crypto asset transactions jumped to around 28% in Q3-2025. This figure increased from the previous quarter, which was only 17%. This growth indicates a maturing market and increased adoption of more diverse products by consumers,” said Subani in Jakarta on Monday (20/10/2025).
 

Four Strategies to Sustain Market Growth

Subani is optimistic that the positive momentum in Indonesia’s crypto asset market can continue and even contribute more significantly to the Indonesian economy. A study by the Institute for Economic and Social Research, Faculty of Economics and Business, University of Indonesia (LPEM FEB UI) found that crypto asset transactions in 2024, amounting to Rp651 trillion, contributed 0.32% to the Gross Domestic Product (GDP) and created 333,000 jobs.

With the right strategy, Subani believes that this contribution will grow exponentially in the next 3–5 years. According to him, there are four aspects that can increase the crypto asset industry’s contribution to Indonesia’s economy.

First, law enforcement against illegal platforms to create a fair level playing field. Second, the development of innovative and licensed products such as stablecoins, derivatives, crypto-backed financing, and tokenization of real-world assets (RWA). Third, expanding market access for foreign institutional investors to deepen local liquidity. Fourth, strengthening literacy and education on crypto assets to the public.

“When the above efforts can be optimally implemented through collaboration from all stakeholders, we are confident that the crypto asset industry can provide a multiplier effect to support national economic growth going forward,” concluded Subani.

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About CFX Indonesia

Established in 2023, PT Central Finansial X (CFX) operates as a crypto asset bourse, licensed and supervised by the Financial Services Authority (OJK). CFX is dedicated to fostering the growth of a high-quality and integrity-driven crypto asset industry. With a mission to construct secure infrastructure, guarantee regulatory adherence, and propel innovation, CFX aspires to lead the sector by developing a safe, innovative, and inclusive digital asset ecosystem.