Multikripto Exchange Indonesia, operating as OSL Indonesia, has completed its transition to the ICEX Group ecosystem.
The move is part of the phased migration of founding digital financial asset traders (PAKD) from CFX.
The OSL Indonesia ICEX transition finalised on May 7, bringing the trader into the ICEX Group ecosystem under OJK supervision. ICEX Group operates as an integrated digital financial asset infrastructure ecosystem.
The ICEX structure comprises three entities designed to separate exchange, clearing, and custody functions.
These include the Indonesia Crypto Exchange, Crypto Asset Clearing International, and International Crypto Custodian.
The migration of OSL Indonesia is part of a broader onboarding process for eleven founding PAKDs. Other platforms scheduled to transition include Indodax, Tokocrypto, and Upbit Indonesia.
ICEX Group stated it is coordinating with CFX to maintain service continuity for investors during this shift.
Pang Xue Kai, CEO of ICEX Group noted that the transition supports building infrastructure that upholds integrity, transparency, and long-term resilience.
“We welcome OSL Indonesia and appreciate CFX’s collaboration in ensuring an orderly transition process,”
Pang Xue Kai said.
According to data published by OJK in April 2026, Indonesia’s digital asset market has grown rapidly, reaching 21.37 million crypto investors by March 2026.
This figure surpasses the total number of traditional capital market investors in the country. Monthly spot crypto asset transaction values reached IDR 22.24 trillion in March 2026.
Kevin Cui, Executive Director and CEO of OSL Group, highlighted Indonesia’s strategic role in the group’s expansion due to its market scale and regulatory clarity.
“With more than 21 million crypto asset investors and an increasingly mature regulatory framework under OJK supervision, Indonesia represents a rare combination of market scale and regulatory clarity as one of OSL’s most strategic markets,”
Cui said.
Featured image credit: Edited by Fintech News Indonesia, based on image by wayhomestudio via Magnific
