INDODAX is the largest digital asset exchange in Indonesia, previously known as Bitcoin.co.id (Bitcoin Indonesia)
In 2014, Indodax was founded by Oscar Darmawan and William Sutanto under the name Bitcoin Indonesia or known as Bitcoin.co.id. In March 2018, Bitcoin Indonesia (bitcoin.co.id) officially changed its name to Indodax or Indonesia Digital Asset Exchange (indodax.com) and then changed its name again to Indonesia Bitcoin and Crypto Exchange in 2020. Indodax CEO Oscar Darmawan stated that, “There are still many people who know us as a payment system using Bitcoin. In fact, our goal is not as a payment system.” This later became one of the reasons for this name change. Indodax aims to provide more service and support to users. In this rebranding, nothing has changed in terms of the system, structure and way of members. It has been operating since 2014