The post Indonesia’s Crypto Market Hits $30B in 2024, Up 352% appeared first on Coinpedia Fintech News
Indonesia’s crypto market has soared in 2024, recording over $30 billion in transactions—a staggering 352% growth compared to 2023. The country now boasts 21 million traders, with 60% aged 18 to 30, solidifying its position as a global leader in crypto adoption. Despite facing setbacks like dual taxation in 2022, Indonesia has recovered strongly, ranking third on Chainalysis’s Global Crypto Adoption Index. Relaxed regulations have further fueled this growth, placing Indonesia among the top adopters worldwide alongside India and Nigeria. Popular assets include Bitcoin, Ether, Tether, and Solana, reflecting global trends.