🇮🇩 Indonesia’s Crypto Revolution: COIN Becomes First Publicly Listed Crypto Exchange. By ChainFabricNews

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Image source: K&K Advocates

Indonesia just made history. In a bold move that’s caught the attention of investors and crypto enthusiasts alike, Indokripto Koin Semesta (COIN) has officially become the first crypto exchange company in the country to be listed on the Indonesia Stock Exchange (IDX). This moment, which unfolded on July 9, 2025, marks a major step forward for the crypto industry in Southeast Asia.

🚀 A Landmark Listing

COIN isn’t just another startup dabbling in blockchain. It's the parent company behind two key players: PT Central Finansial X (CFX) — a well-known crypto exchange — and PT Kustodian Koin Indonesia (ICC), a licensed digital asset custodian.

By entering the stock market, COIN has become the first crypto-related business in Indonesia to go public, making waves across both financial and tech communities. The IPO drew major interest, with the stock quickly hitting the upper trading limit (ARA) at IDR 135, a 35% jump on opening day.

💸 Massive Investor Interest

When COIN announced its IPO, few expected what came next — the offering was oversubscribed 180 times! That means thousands of investors, from retail traders to institutions, lined up to grab a piece of Indonesia’s growing crypto infrastructure. The company offered 2.2 billion shares at a base price of IDR 100–105 per share, raising more than IDR 220 billion in capital.

Most of the funds will be used to expand operations at CFX and improve ICC’s secure custody solutions — both essential for the country’s crypto growth.

📈 From Struggles to Success

COIN’s financial transformation is inspiring. Just two years ago, it earned less than IDR 40 million in revenue. Fast-forward to 2024, and the company pulled in over IDR 100 billion, with profits nearing IDR 43 billion. A major portion came from CFX’s trading services, including both spot and derivatives markets.

This kind of turnaround shows just how much potential crypto platforms have when backed by strong teams, smart regulation, and a supportive user base.

🔍 Why This Matters for Indonesia

This IPO isn’t just about one company’s success — it represents a big shift in how Indonesia views and handles digital assets.

  • Stronger regulation: COIN is fully regulated by the Financial Services Authority (OJK), offering transparency and trust to investors.

  • Public confidence: The IPO’s massive interest proves that Indonesians are ready to invest in digital finance, not just use it.

  • Regional leadership: With the right support, Indonesia is well on its way to becoming a crypto hub in Southeast Asia.

🌐 The Road Ahead

COIN isn’t stopping here. The company plans to invest in stablecoins, tokenized assets, and cross-border crypto payments, all while keeping security and compliance at the center.

As crypto adoption continues to grow — with over 14 million users in Indonesia already — COIN’s success story may just be the beginning of a new financial era in the region.

In short, this IPO shows that Indonesia is no longer just a participant in the global crypto space — it’s becoming a leader. And for everyday investors and crypto believers in the country, that’s exciting news.

 

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