Bitcoin Transactions in Indonesia Every Day Rp 100 billion
Jakarta - With the high interest of cryptocurrency in Indonesia, the digital currency exchange platform of this country also changed its shape to accommodate the needs.
Bitcoin Indonesia, or Bitcoin.co.id, changed its name to Indodax, which stands for Indonesia Digital Asset Exchange. This is done as the platform's efforts in continuing to add the digital currency offered.
Currently alone, Indodax has been providing a variety of digital asset sales advice. "There's Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Ripple, Dogecoin, Litecoin, Bitshares, NXT and XEM, and DASH," said Oscar Darmawan, CEO of Indodax, when met on an occasion in Jakarta (14/3/2018) .
Going forward, he added, the platform that was established in 2014 will continue to add a new digital assets every month. "If you look globally, there are 1,500 digital assets spread across the internet, and in Indonesia alone, there are still few available," he said.
In addition to the addition of cryptocurrency provided, Indodax also targets user growth and transaction volume. Currently, every day there are 3,000 new users who join the platform every day, with a total of 1.1 million users almost entirely from Indonesia.
"Of the 1.1 million, most still play in Bitcoin, Ethereum, then Stellar and Ripple," he said.
As for the average transaction volume that occurred in Indodax, Oscar said the amount could reach Rp 100 billion per day.
In fact, he admitted that sometimes the number of transactions can increase dramatically up to 10 times. One of the driving forces of growth is the increasing trend of blockchain technology globally, especially in terms of its wider implementation.
"In the future, we are targeting an increase in the number of users to reach 1.5 million by the end of the year," said Oscar.