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Indonesia's cryptocurrency market has experienced a significant rebound, with total transactions exceeding $30 billion (approximately 475 trillion IDR) by October 2024. This figure represents a remarkable 352% increase in yearly market volume compared to the previous year. Although this recovery is notable, it remains below the peak of $54 billion reached in 2021. The resurgence in the crypto sector is attributed to a growing base of approximately 21 million active crypto traders in the country, indicating strong market momentum despite past downturns.
INDONESIAN CRYPTO BOOM: $30B TRANSACTIONS IN 2024! Indonesia’s crypto scene is catching fire with $30B in transactions in 2024, a 350% increase! They’ve bounced back hard after that nasty dip in 2022, but it’s still a long way from the $54B glory days. Still, they’re nowhere… https://t.co/hyjf4DdaIJ
INDONESIAN CRYPTO MARKET REBOUNDS TO $30B IN 2024 The Indonesian cryptocurrency market has surged past $30 billion in transactions for 2024, marking a 350% year-over-year increase. Although still well below 2021’s peak of $54 billion, this recovery shows strong market momentum.… https://t.co/Mh1cUZpErX
[COINTELEGRAPH] Indonesian cryptocurrency transactions cross $30B for 2024
