Indonesia’s financial services regulator published a registry listing 29 digital asset exchanges licensed to operate in the country, with local platforms dominating and major global players excluded. The document is intended as an official public reference to help investors verify exchange status and to bolster consumer protection and market integrity, according to OJK. The issuer, OJK, formally known as Otoritas Jasa Keuangan, released the list to promote a safe and vibrant digital asset market.
Included on the roster are Indodax, one of Indonesia’s largest exchanges, along with Bitwewe, Ajaib, Coinvest, Naga Exchange, Reku, and Pluang. Tokocrypto, a local exchange acquired by Binance in 2022, is also listed; Binance subsequently laid off about 60% of Tokocrypto’s workforce, drawing public criticism. The only notable international platforms named are Upbit from South Korea and London-based Luno, which serves Africa and Asia.
Beyond the 29 exchanges, OJK also licensed four market infrastructure institutions to offer digital asset services. OJK’s Ismail Riyadi, the head of financial inclusion, noted that entities not on the list are not licensed or supervised crypto asset trading entities or platforms. Indonesia remains among the world’s most active digital asset markets, with studies estimating more than 20 million holders; Chainalysis ranked the country seventh-largest by market size last year, fourth in DeFi value received. The growth has attracted attention from global players, including Robinhood, which recently completed the acquisition of PT Pedagang Aset Kripto.
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