72% of Indonesian Crypto Exchanges Still Unprofitable Despite 20M Users

Indonesia’s Financial Services Authority (OJK) reported that approximately 72% of licensed crypto exchanges in the country remained unprofitable as of the end of 2025, even as the number of crypto users surpassed 20 million. The figures highlight a structural challenge: a booming user base that increasingly prefers overseas platforms, leaving domestic exchanges struggling to compete. Indonesia’s Cost and Liquidity Gap According to OJK data cited by local media, the total value of crypto transactions fell to IDR 482. 23 trillion (~$30 billion) in 2025, down from IDR 650 trillion in 2024 source: https://beincrypto.com/20m-user-indonesia-exchanges-unprofitable/