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Indonesia now has more crypto investors than stock market investors - Jakarta Post

Eisya A. Eloksari (The Jakarta Post)

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Jakarta   ●   Fri, August 6, 2021

Crypto assets have rapidly gained in popularity among Indonesians despite – or perhaps because of – the global economic slowdown.

According to the Trade Ministry, crypto investment transactions grew fivefold in five months to more than Rp 370 trillion (US$25.8 billion) in May.

Indonesia had around 6.5 million crypto investors in May, while the number of retail investors registered with the Indonesia Stock Exchange (IDX) stood at just 5.37 million.

“Some crypto assets have shown a positive performance amid the economic downturn due to the pandemic. Investors and traders will switch to more attractive ways to boost their gains, one of which is crypto assets. Therefore, we have seen exponential growth since the third quarter of 2020,” Rieka Handayani, head of PR at cryptocurrency exchange platform Tokocrypto, told T...

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