The Decline in Crypto Transactions in Indonesia: Causes and Impacts

In February 2025, the value of crypto transactions in Indonesia experienced a significant decline of 25.61%, dropping from IDR 44.07 trillion in January to IDR 32.78 trillion.

This decline reflects the impact of various external and internal factors affecting the national crypto market.

Lack of Public Outreach from Regulators and Market Players

According to information we cited from BeInCrypto, following the transition of crypto industry oversight from Bappebti to the Financial Services Authority (OJK), public outreach efforts have reportedly decreased.

Crypto analyst Ibrahim Assuaibi stated that OJK, the crypto exchange, and other entities have been less active in engaging with the public.

As a result, public literacy regarding crypto assets remains low.

Global Geopolitical Tensions

Geopolitical tensions, such as trade wars echoed by the United States, have also contributed to the decline in crypto transactions in Indonesia.

These circumstances have triggered uncertainty in the global market, impacting digital asset trading activity in the country.

Shift in Investor Interest Toward Physical Instruments

Amid a volatile market, investors tend to shift their interest toward more stable investment instruments, such as gold.

This is evident from the increased activity among the public at gold outlets owned by Pegadaian and PT Antam.

Conclusion

The decline in crypto transactions in Indonesia in February 2025 was caused by a combination of factors, including a lack of outreach from regulators and market participants, as well as global geopolitical tensions.

To address this issue, collaborative efforts between regulators and industry players are needed to improve public literacy and strengthen trust in the crypto market.