Odaily Planet Daily News: Cryptocurrency trading activity in Indonesia grew by 335.9% in 2024, reaching IDR 650.61 trillion (USD 40.20 billion). The Commodity Futures Trading Regulatory Agency (Bappebti) attributed this growth to an increase in the number of users and the rise in trading volume.

As of November 2024, the number of registered cryptocurrency users has risen to 22.10 million. Tirta Karma Senjaya, head of Bappebti, pointed out that public confidence in cryptocurrency trading has increased and expressed optimism that the user base will exceed 25 million in the near future.

The most actively traded cryptocurrencies in Indonesia include USDT, BTC, DOGE, PEPE, and XRP. To streamline regulation, Bappebti announced that its role in cryptocurrency regulation will be transferred to the Financial Services Authority (OJK) this year, although it will still retain regulatory authority over commodity futures trading. (Bitcoin.com)