OJKRegulated
Indonesia Crypto Asset Exchange License (CEX)
INDODAX
Regulated in Indonesia
Crypto Asset Exchange License (CEX)
Global Business
Basic Information
Country/RegionIndonesia
Exchange AbbreviationINDODAX
Company NamePT Indodax Nasional Indonesia
Operating Period5-10 years
Websitehttps://indodax.com
Exchange TypeCentralized Exchange
RiskNotice
2 risk alerts
- License No.
- Unreleased
- Regulatory Jurisdiction
- Indonesia
- Licensed Entity
- PT Indodax Nasional Indonesia
- Effective Date
- 2025-02-01
- Sharing Status
- No
Asset Reserves
Exchanges with reserves exceeding 72.12%
18 /100
$565,990,000
BTC$318.38M
Capital flows
Exchanges with 24H outflows exceeding 40.42%
29 /100
-$482,177.73
0.08% StableTrading Volume
Exchanges with 24H trading volume exceeding --
0 /100
$18,560,000
9.46% | Currency/Name | Trade | Unit Price | Change | 24H Vol | +2%/-2% Market Depth | Liquidity |
|---|---|---|---|---|---|---|
 | BTC/USDT | $78,891.74 | 2.04% | $252,446.5 | $370.13K/$163.61K | 512 |
| ETH/USDT | $2,457.70 | 0.94% | $12,966 | $44.80K/$41.75K | 397 |
| PEPE/USDT | $0.00000393 | 4.84% | $3,806.64 | $24.81K/$7.96K | 200 |
| SHIB/USDT | $0.00000526 | 4.54% | $1,988.78 | $24.92K/$103.85 | 1 |
| XEC/USDT | $0.000007 | 0.00% | $397.92 | $0.00/$0.00 | 1 |
| BTT/USDT | $0.00000031 | 0.00% | $159 | $0.00/$0.00 | 1 |
| VOLT/USDT | $0.00000005 | 0.00% | $48.05 | $0.00/$0.00 | 1 |
| BONK/USDT | $0.0000032 | 5.88% | $33.91 | $0.00/$0.00 | 1 |
| LUNC/USDT | $0.00005501 | 0.04% | $7.24 | $0.00/$0.00 | 1 |
| IDX/USDT | $0.00005996 | 0.51% | $6 | $0.00/$0.00 | 1 |
Exchange Overview
Exchange Overview
INDODAX is the 1st and largest licensed crypto exchange platform in Indonesia, providing on-chain Proof of Reserves (PoR) transparency and operating in compliance with Indonesian regulations and registered with relevant authorities, including OJK (Otoritas Jasa Keuangan), CFX (Crypto Futures Exchange), and KOMDIGI. INDODAX is also ISO 27001 and ISO 9001 certified.
As of January 2026, INDODAX has served more than 9.6 million users, allowing Indonesians to buy and sell 450+ digital assets (e.g., BTC, ETH, XRP, USDT, etc.) across 490+ trading pairs.
As a customer-centric company, INDODAX offers a seamless experience and ease of use for both experienced and new users in the industry. The platform offers multiple order types (limit, market, stop-limit), Quick Buy, staking, recurring investment, 24/7 customer support, educational content through INDODAX Academy and INDODAX News, as well as fast IDR deposits and withdrawals via multiple channels.
Business Region
InfluenceA0
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News
Indonesias Crypto Market Adapts as INDODAX Adjusts VAT Rates
INDODAX, Indonesia‘s largest cryptocurrency exchange, has adjusted its Value Added Tax (VAT) rates. This change aligns with Indonesia’s updated tax policies, specifically PMK No. 131 of 2024 and PMK No. 81 of 2024, which govern VAT rates for crypto transactions. The VAT rate for buying crypto assets through Crypto Asset Physical Traders (PFAK) is now 0.12%. This equals 1% of the transaction value multiplied by the 12% VAT rate. Other services, like deposit fees and trading costs, will incur an 11% VAT rate, per PMK No. 131 of 2024. INDODAX CEO Oscar Darmawan expressed full support for the updated tax framework. He sees the VAT adjustment as a move toward greater tax transparency in Indonesia. He also highlighted that this change will improve transaction safety and convenience for users. The Impact of VAT on Indonesias Crypto Market While INDODAX supports the new VAT rates, Darmawan voiced concerns about their potential impact on Indonesias crypto market. He argued that crypto transactions should be exempt from VAT, like in other countries, to encourage wider adoption. He believes this could make crypto a more inclusive financial tool in Indonesia. Additionally, removing VAT could boost trading volumes, leading to higher income tax revenue. INDODAX Suffers Security Breach In a related incident,
Indodax and BingX Hackers Use the Same Address for Laundering, MistTrack Reports
Indodax and BingX Hackers Use the Same Address for Laundering, MistTrack Reports In a concerning development within the cryptocurrency security landscape, MistTrack, a crypto tracking and compliance platform developed by blockchain cybersecurity firm SlowMist, reported on Xthat it has identified a connection between hackers targeting the Indonesian cryptocurrency exchange Indodaxand the Singapore-headquartered cryptocurrency exchange BingX. The investigation revealed that both hackers utilized the same address, beginning with 0x0c74c, to launder funds. Notably, the Indodax hacker operated on the Polygon network, while the BingX hacker was active on the Binance Smart Chain (BSC). Overview of the Security BreachIncident SummaryExchanges Affected:Indodax (Indonesia) and BingX (Singapore)Tracking Platform:MistTrack by SlowMistLaundering Address:Starts with 0x0c74cNetworks Used:Polygon for Indodax hack, Binance Smart Chain (BSC) for BingX hackDate of Report:October 23, 2024 The report highlights a sophisticated cyberattack where hackers exploited vulnerabilities in both Indodax and BingX to steal and subsequently launder cryptocurrency funds through a single address across different blockchain networks. Details of the HackIndodax HackNetwork:PolygonMethodology:The hacker targeted Indodax by exploiting a vulnerability in the exchanges security protocols, allowing unauthorized access to user funds.Amount Stolen:Not disclosedLaundering Technique:Funds were transferred to the laundering address 0x0c74c on the Polygon network, facilitating the conversion and movement of stolen assets. BingX HackNetwork:Binance Smart Chain (BSC)Methodology:Similar to
June's web traffic to crypto exchanges sees second-biggest drop since January
Data compiled by The Block shows that Web traffic to cryptocurrency exchanges experienced the second greatest drop in volume since the beginning of this year. May had been the record high for web traffic to crypto exchanges, with a huge surge in interest in April. But as The Blocks research analyst Lars Hoffman first noted on Twitter, web traffic fell from 638.2 million in May to 369.1 million visits in June — a 42.2% decrease in traffic volume compared to the previous month, according to data gleaned from SimilarWeb. Thats nearly as big of a decline as between January and February of this year, which saw a 45.3% decrease in web traffic. Binance had the largest share of web traffic at 40.7%, followed by Coinbase with 19.2% and Indodax, an Indonesian crypto exchange, held 3.6%.
