Indodax, as one of the largest and most trusted crypto exchange platforms in Indonesia, recorded an extraordinary achievement in 2024 with a transaction volume that increased fourfold, reaching Rp133 trillion. This figure is the highest in the company’s operational history.

This increase in transactions was influenced by the high interest of the Indonesian people in crypto investment, which is also in line with a similar trend that is developing globally. According to Indodax CEO Oscar Darmawan, Indodax’s contribution to national crypto transactions were recorded at 20.5%, as reported by Antara News, where the total national crypto transactions reached Rp650.61 trillion.

Oscar also often conveys the importance of eliminating VAT on crypto transactions, with the hope that this policy can make domestic crypto exchanges more competitive compared to global exchanges. Oscar believes that this policy will not only encourage an increase in transaction volume but also have the potential to double the country’s tax revenues. In addition, the entry of more companies and institutions into the crypto market further strengthens the acceptance of this sector in the digital economy ecosystem.

The Indonesian government, through policies that provide legal certainty, plays an important role in creating stability in the crypto market. With the increasingly positive development trend of the crypto and blockchain industry, Oscar Darmawan remains optimistic that crypto will not only be a short-term investment instrument but also an integral part of the national digital transformation.

Indodax has served more than 7 million members since 2014, continuing to grow rapidly as a trusted crypto exchange in Indonesia. With safe and innovative services, Indodax is further strengthening its position as a leading platform, supporting the growth of the digital ecosystem and crypto investment in the country.