CoinVoice recently learned that, according to a report by Cryptonews, the latest data from the Indonesian Commodity Futures Trading Regulatory Authority (CoFTRA) shows that Indonesia's cryptocurrency trading volume has exceeded 30 billion USD (approximately 475 trillion Indonesian Rupiah) in 2024, a year-on-year increase of 352%.
Currently, the number of cryptocurrency trading users in Indonesia has reached 21 million, of which 716,000 users trade through local registered exchanges. Although the current trading volume has not yet surpassed the historical peak of 54 billion USD in 2021, it has exceeded the total of 19.4 billion USD for the entire year of 2022.
According to Chainalysis data, Indonesia currently ranks third in the global cryptocurrency adoption index, behind India and Nigeria. [Original link]
