According to the Indonesia Crypto & Web3 Industry Report 2025, Indonesia has become the largest crypto user country in Southeast Asia with 19 million people actively involved in the industry.
This is due to the clarity of regulations that are now directly supervised by the Financial Services Authority (OJK) and classify crypto as a digital financial instrument.
"With more than 19 million active users, triple-digit growth in blockchain, and regulatory clarity that other markets in Southeast Asia rarely have, Indonesia is quickly emerging as the next crypto powerhouse in the region," the report notes.
It is known that the top countries in the Asia Pacific region, such as Vietnam, have 18 million crypto users, then the Philippines with 7 million people, Singapore only 600 thousand, Thailand with 12 million, and Malaysia 2.8 million active users.
In addition, the crypto industry in Indonesia is mostly driven by retail investors. Specifically, 58.2% of the Indonesian population uses crypto as a long-term investment, and 20.2% for short-term.
-# Image Source: Indonesia Crypto & Web3 Industry Report 2025
