Indonesia lists 29 licensed crypto platforms as big exchanges explore market

Indonesia's Financial Services Authority (OJK) has published a whitelist of 29 officially licensed digital asset and crypto trading platforms, urging the public to only transact with these verified entities. This clarification comes as major global players are actively seeking footholds in the Indonesian market, which has over 17 million crypto traders. Notable entrants include Robinhood, which recently signed deals to acquire local brokerage Buana Capital and licensed trader PT Pedagang Aset Kripto, and Hong Kong-based OSL Group, which acquired Koinsayang. The licensing update follows OJK Regulation No. 23/2025, which tightens oversight by requiring assets traded to be registered, introducing a framework for derivatives needing prior OJK approval, and mandating margin mechanisms and knowledge tests for derivatives users. Indonesia is recognized globally as one of Southeast Asia’s fastest-growing crypto economies, ranking high in global crypto adoption indices.

(Source：Cointelegraph)