INDODAX Leadership Transition
Indonesia’s largest cryptocurrency exchange, INDODAX, has announced a major leadership transition. Effective May 19, 2025, Oscar Darmawan will assume the role of Chairman, while William Sutanto, previously the Chief Technology Officer (CTO), will take over as Chief Executive Officer (CEO).
This change reflects INDODAX’s efforts to continue growing and responding to the increasingly complex dynamics of the digital asset industry. In his new role, Oscar Darmawan will focus on shaping long-term strategic directions and strengthening relations with various stakeholders, both domestically and internationally.
“After more than 11 years, I feel it’s time to bring new energy to the CEO’s seat. I’m confident that William, with his experience on the product and technology side, will be able to bring INDODAX to the next level,” said Oscar Darmawan in a written statement.
William Sutanto, as the former CTO and co-founder of INDODAX, has been instrumental in developing the platform’s technology infrastructure since its inception. “I would like to thank Oscar, all shareholders, and the board of directors for the trust that has been given. I also ask for support and direction from all stakeholders to carry out this great responsibility,” William stated.
Under Oscar’s leadership, INDODAX has grown to become Indonesia’s largest crypto exchange, with over 8 million registered members and monthly transaction volumes reaching Rp24 trillion. The platform has also attracted more than 10,000 new members daily, with a total of 8 million applications downloaded.
The leadership transition is part of INDODAX’s commitment to continue growing and innovating, providing safe, reliable, and relevant crypto asset services to meet current market needs. William plans to accelerate the adoption of blockchain technology and increase crypto literacy through both online and offline activities.
“With the spirit of innovation and collaboration, I believe INDODAX can become the largest, most trusted, and secure crypto exchange in Indonesia,” William concluded.
The company has assured that its operations will continue normally during the transition period, and INDODAX remains committed to building a positive crypto ecosystem in Indonesia through various initiatives.
