The biggest cryptocurrency trading platform in Indonesia may soon have more investors than the country's century-old stock exchange.
Id, the Indonesia Digital Asset Exchange currently has 1.15 million investors and is likely to reach 1.5 million members by the end of the year, according to INDODAX Chief Executive Officer Oscar Darmawan.
In contrast, the country's century-old Indonesia Stock Exchange, which offers stocks, futures, options and exchange-traded funds, has only 1.18 million registered participants, according to data from the Indonesia Central Securities Depository.
Indonesia Digital Asset Exchange expects its daily trading volume to double from a current average of $7.3 million USD, INDODAX CEO said.
The stock exchange on the other hand recorded average daily transactions worth roughly $550 million, in 2017.
Earlier this year, the country's former finance minister, Chatib Basri, said that Indonesia cannot stop the circulation of bitcoin, adding that prohibitive measures would not be effective.
WE Online, Jakarta - . CEO Bitcoin Indonesia Oscar Darmawan mengatakan bitcoin atau cryptocurrency sebagai aset digital yang menggunakan basis teknologi publik blockchain.?Permintaan dari masyarakat dunia dan supply dari token-token yang ada di blockchain mempengaruhi?fluktuasi harga pada aset digital tersebut. "Cryptocurrency ini juga bukan sebagai alat bayar atau alat tukar. [Updated] Bitcoin.co.id raises funding from East Ventures, is targetting SEA market Based in Bali, Bitcoin.co.id is a digital asset exchange platform that offers Bitcoin, Ethereum, Litecoin, and Ripple Indonesian cryptocurrency startup Bitcoin.co.id today announced that it has raised an undisclosed funding from ventur Formerly known as Bitcoin.co.id, the Indonesia Digital Asset Exchange (INDODAX) currently has 1.15 million investors and is likely to reach 1.5 million members by the end of the year, according to INDODAX Chief Executive Officer Oscar Darmawan. However, 1.5 million users is one of the more pessimistic projections. At the current growth rate of ... In comparison, the Indonesia Stock Exchange now has 1.9 million investors. Indodax also has branch offices in Bali, Semarang in Central Java and Surabaya in East Java. "The Indodax journey has not been easy. In the beginning, people were skeptical of us as an investment company," Oscar said. The world’s fourth most populous nation today launched its first formal blockchain association, Asosiasi Blockchain Indonesia (ABI), at a press conference in the capital, boosti
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