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Bloomberg
The biggest Indonesian platform to buy and sell digital currency may soon have more members than the nation’s century-old stock exchange.
Indonesia Digital Asset Exchange, formerly known as Bitcoin.co.id, will have 1.5 million members buying and selling digital currencies such as bitcoin, ethereum and ripple by the end of the year, according to Chief Executive Officer Oscar Darmawan. The platform, which began its operations in 2014, currently has 1.14 million investors, he said.
In contrast, Indonesia Stock Exchange, which offers stocks, futures and options and exchange-traded funds, has only 1.18 million registered participants, according to data from the Indonesia Central Securities Depository. Companies traded on the exchange have a combined market capitalisation of $520 billion.
“We are seeing almost 3,000 new members signing up everyday,†Darmawan said.