The Indonesia cryptography market has experienced remarkable expansion, the volume of negotiations amounting to $ 40.2 billion in the middle of a high demand for XRP, Dogecoin and Bitcoin.
This figure represents an increase of 336% compared to the total of the previous year of 149.25 Billions of RP ($ 9.2 billion). The sharp increase is awarded to an increase in user participation and transaction volumes.
In November 2024, Indonesia had 22.1 million registered crypto users, this number should reach $ 25 million soon.
XRP, Dogecoin among the most exchanged tokens
The increase in the commitment of cryptography has increased trading volumes. The most frequently exchanged digital active ingredients in Indonesia include Bitcoin (BTC), Tether (USDT), Dogecoin (Doge), Pepe and XRP.
In terms of regulation, monitoring of cryptocurrencies in Indonesia was previously managed by the Regulatory Agency for Trade Contracts (Bappebti). However, responsibility will soon go to the Financial Services Authority (OJK). Meanwhile, Bappebti will continue to supervise trading on the basic products.
In addition to the growth of cryptocurrencies, future goods Indonesia saw an increase of 29.34% in 2024, reaching RP 33 214 Billions (2 billions of dollars). Significant term contracts in the country involve products such as gold, tin, gross palm oil, coffee and cocoa.
Meanwhile, the Indonesian Bunge of Palm Oil (ICDX), introduced in October 2023, continues to facilitate the discovery of real -time price for term contracts on gross palm oil and transactions.
Participation in the scholarship remains optional and is limited to national traders, with 19 designated ports supporting deliveries.
Indonesian exchange faces a major hack
In the middle of increasing adoption, security threats persist in Indonesian cryptographic space. In September of last year, Indonesian Indodax exchange suffer A major cyber attack, resulting in a loss of approximately $ 22 million.
According to the Blockchain Intelligence Lookonchain platform, the pirates infiltrated the exchange security system, allowing unauthorized withdrawals from its wallets.
Stolen active ingredients included 25 BTC ($ 1.4 million), $ 1,047 ($ 2.48 million), $ 6.14 million, $ 2.2 million ($ 849,000) and 1.4 million DR ARP ($ 749,600).
After the violation, the attackers quickly converted the stolen funds. They exchanged them against $ 13 million in Ethereum, $ 2.56 million in Tron, $ 2.55 million in polcies (formerly Matic) and 1.41 million dollars in Bitcoin.
Difles: This content is informative and should not be considered financial advice. The opinions expressed in this article may include the author’s personal opinions and do not reflect the basic opinion of cryptography. Readers are encouraged to do in -depth research before making investment decisions. The Crypto Basic is not responsible for financial losses.