Indonesia’s crypto market is booming, with the number of users growing from 9.9 million in 2021 to 20.9 million in 2024, supported by a population of nearly 280 million and a smartphone penetration rate of 75%. This growth is further bolstered by Indonesia’s crypto-friendly regulations.
Through Bappebti, all registered crypto asset traders undergo rigorous security, eligibility, and capital readiness assessments to ensure they provide top-tier crypto trading services. These regulations also offer protection for crypto investors in Indonesia, making the market safer for investment. Moreover, Indonesia boasts some of the most progressive crypto regulations globally, being the first country to establish a national crypto exchange.
Read more: Indonesia’s Crypto Regulation: A Full Guide for Companies
This regulatory framework is a key factor driving the growth of Indonesia’s crypto ecosystem, positioning the country as a strong contender to become a crypto business hub in Asia, alongside Singapore and Hong Kong.
However, successfully entering Indonesia’s crypto market demands more than just knowledge of regulations—it requires a local partner who understands the market’s intricacies. This is where Indonesia Crypto Network (ICN) plays a vital role.
By collaborating with key organizations like the Blockchain Association of Indonesia (ABI), ICN helps companies secure licenses faster, gain valuable regulatory insights, and build trust with both users and regulators. ABI membership is a mark of credibility, fast-tracking market entry by offering businesses the local knowledge and connections they need to succeed.
For any business—whether you’re a crypto exchange, DeFi platform, or another blockchain-based service—navigating Indonesia’s complex regulatory landscape can be challenging. ICN’s expertise positions your company for sustainable growth by ensuring compliance and fostering strong local relationships. Their successful track record with companies like CoinMarketScore highlights why they are the go-to partner for entering Indonesia’s crypto market.
Case Study: CoinMarketScore’s Swift Entry with ICN’s Support
CoinMarketScore, a leading crypto analytics platform, faced the challenge of entering Indonesia’s complex market. Through a strategic partnership with ICN, the company swiftly and efficiently navigated the regulatory hurdles. ICN’s deep connections with the Blockchain Association of Indonesia (ABI) enabled CoinMarketScore to secure membership in the association, further enhancing its credibility.
Beyond regulatory support, ICN assisted CoinMarketScore with a comprehensive multi-channel marketing strategy that included media coverage, strategic partnerships, community collaborations, and event promotions. This integrated approach not only boosted CoinMarketScore’s visibility but also ensured regulatory compliance, allowing the company to quickly establish a strong presence in Indonesia’s rapidly expanding crypto market.
Read more: 6 Reasons Why Crypto Companies Can’t Ignore Indonesia
Ready to Enter Indonesia’s Crypto Market?
Indonesia’s booming crypto market offers enormous potential—but only for companies that understand the importance of compliance and local expertise. ICN is the partner that not only guides you through Indonesia’s regulatory landscape but also accelerates your growth. With ICN’s unparalleled expertise, your business can move from compliance to competitive advantage, building trust and scaling quickly in one of Southeast Asia’s most exciting crypto markets.
Don’t just enter Indonesia—dominate it. Contact ICN today and take the first step toward success in Indonesia’s fast-growing crypto ecosystem.
