CFX’s Commitment to Quality and Integrity in Crypto Industry Development

Bogor, 22 February 2025 – PT Central Finansial X (CFX), the world’s first crypto exchange licensed and supervised by the Indonesian Financial Services Authority (OJK), is committed to supporting the growth of a quality and integrity-driven industry. Currently, 31 crypto asset trading platforms are registered with CFX.

President Director Subani explained that to achieve sustainable growth in the crypto asset industry, CFX prioritizes strict security and verification standards, including comprehensive Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures for crypto asset traders. CFX also remains fully committed to compliance and transparency within the cryptocurrency industry.

“We are proactively collaborating with regulators and law enforcement agencies to prevent the misuse of crypto assets for illegal activities in Indonesia. Furthermore, the crypto asset trading ecosystem is now complete. The presence of the Self-Regulatory Organization (SRO) within CFX, PT Kliring Komoditi Indonesia (KKI), and PT Kustodian Koin Indonesia (ICC) is crucial, as it enhances security and trust for all crypto asset users,” Subani stated in Bogor on Saturday (February 22, 2025).

Subani also noted that the industry’s rapid growth must be accompanied by increased public literacy regarding crypto assets as an attractive investment option. According to a 2024 report from cryptoliteracy.org, the current level of crypto asset literacy remains minimal, with only 31.8% of people understanding the basic principles of crypto asset investment.

“The growth of the crypto asset industry in Indonesia is on the right track, and CFX continuously promotes education and literacy programs, such as the Crypto Literacy Month held this past February. For 2025, CFX hopes that Indonesians will become more literate in crypto asset investment, given the positive trends observed throughout 2024,” Subani said.

Data from the Commodity Futures Trading Supervisory Agency (Bappebti) reveals that the transaction volume of crypto assets increased by 335% year-on-year (YoY) to Rp650.61 trillion as of December 2024. The number of crypto asset customers has also reached 22.91 million.

“The 2024 crypto asset transaction volume grew more than four times compared to 2023. Therefore, we anticipate even stronger transaction volume this year, potentially continuing to increase alongside the new crypto derivative products launched towards the end of last year,” Subani explained.

Subani added that CFX encourages all crypto asset users in Indonesia to conduct transactions exclusively through platforms registered and supervised by the OJK and that are CFX members.

“We hope that by transacting on the 16 crypto asset trading platforms licensed as Digital Financial Asset Traders (PADK) by the OJK and registered as CFX members, consumers will avoid the risk of investment fraud from illegal crypto trading platforms,” Subani concluded.

About CFX Indonesia

PT Central Finansial X (CFX) is a government-regulated crypto futures exchange focused on nurturing Indonesia’s digital asset market. With a mission to build secure infrastructure, ensure regulatory compliance, and foster innovation, CFX aims to lead the industry by creating a safe, innovative, and inclusive digital assets ecosystem.

Further Information:
Rimba Laut
[email protected]

CFX Indonesia

CFX Tower 8th Floor Jl. Gatot Subroto No. 35-36, RT 6 / RW 3, East Kuningan, Setiabudi, South Jakarta, Indonesia 12950