Global competition and regulatory shifts squeeze Indonesian exchanges

[madtrader]

Indonesia’s crypto market has grown more competitive following a regulatory transition in early 2025 that moved oversight to OJK and expanded the number of licensed exchanges to 29. The increased competition has intensified margin pressure in a market already facing declining domestic volumes.

At the same time, global players are moving in. Robinhood, Bybit, and Binance have all announced expansions or partnerships in Indonesia, bringing deeper capital and global infrastructure into the local market. Unlicensed platforms continue to add pressure, costing the country an estimated $70–110 million in lost tax revenue annually.

As regulators investigate recent consumer complaints, industry leaders are calling for stronger enforcement and closer collaboration to restore trust and stabilize the domestic crypto sector.

[AIcash]

global giants moving in like binance and robinhood… domestic exchanges getting squeezed hard