Cryptocurrency Ownership and Usage Rates in Indonesia 2024

Indonesia’s cryptocurrency landscape is marked by growing awareness and engagement, with 45.79% of respondents having owned or used digital assets. This highlights a substantial level of participation, reflecting Indonesia’s rapid digital transformation and increasing interest in alternative financial instruments. Factors such as a large unbanked population, high mobile penetration, and the popularity of fintech solutions contribute to cryptocurrency’s appeal as both an investment and a means of financial inclusion. Additionally, the government’s recognition of crypto as a commodity under the regulatory oversight of Bappebti (Commodity Futures Trading Regulatory Agency) has helped provide a structured legal framework, further legitimizing digital asset use in the country.

However, despite this engagement, the majority of Indonesians have not yet adopted cryptocurrency, signaling significant barriers to wider adoption. While crypto is gaining traction, Indonesia’s preference for conventional digital payment methods like GoPay, OVO, and ShopeePay suggests that many consumers still prioritize familiar and widely accepted financial tools. For crypto adoption to expand, businesses, policymakers, and financial institutions must bridge the knowledge gap through targeted education, enhance trust by addressing security risks, and integrate crypto solutions within the existing digital finance ecosystem. With the right infrastructure and regulatory clarity, Indonesia has the potential to become a key player in Southeast Asia’s digital asset economy.

For a broader perspective, check out other statistics on Key obstacles to cryptocurrency adoption in Indonesia, Indonesians’ preferred cryptocurrency storage methods, most popular crypto exchanges in Indonesia.