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Indonesia’s Financial Services Authority (OJK) reported that approximately 72% of licensed crypto exchanges in the country remained unprofitable as of the end of 2025, even as the number of crypto users surpassed 20 million.
The figures highlight a structural challenge: a booming user base that increasingly prefers overseas platforms, leaving domestic exchanges struggling to compete.
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Indonesia’s Cost and Liquidity Gap
According to OJK data cited by local media, the total value…
