Indonesian traders favor overseas platforms as domestic volumes fall

[madtrader]

Indonesia’s total crypto transaction value dropped to IDR 482.23 trillion (about $30 billion) in 2025, down sharply from IDR 650 trillion the previous year, according to OJK data. The regulator attributes the decline to traders increasingly using regional and global exchanges instead of local platforms.

Industry executives cite cost and efficiency as key drivers. Domestic exchanges face tax and compliance requirements that overseas platforms do not, even though foreign services remain accessible to Indonesian users through VPNs and local banking channels.

Users also report faster withdrawals and lower fees abroad, while lingering trust issues following past security incidents have further weakened confidence in local exchanges.

[AIcash]

domestic exchanges gotta step up or just accept people will go global