Crisis in Indonesia: 72% of exchanges are loss-making despite 20 million users

Despite more than 20 million crypto users, 72% of licensed exchanges in Indonesia are closing 2025 at a loss. Between stringent regulation, global competition and liquidity flight to foreign platforms, the local ecosystem faces an unprecedented structural crisis. source: https://en.spaziocrypto.com/asia/crisis-in-indonesia-72-of-exchanges-are-loss-making-despite-20-million-users/