ICEx Indonesia Secures OJK License, Raises $70M in Strategic Funding
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 12 2026- Regulatory Milestone: ICEx has received an operating license from Indonesia's Financial Services Authority (OJK), becoming the second fully licensed cryptocurrency exchange in the country, which marks a significant advancement in Indonesia's digital economy and enhances market legitimacy and investor confidence.
- Capital Infusion: ICEx successfully raised $70 million, earmarked for enhancing technology infrastructure, ensuring regulatory compliance, and funding market education, which underscores investor confidence in Indonesia's crypto market within a strict regulatory environment.
- Market Competition: The entry of a new exchange increases market competition, leading to improved service quality and lower fees for users, while also instilling confidence in global blockchain enterprises looking to operate in Indonesia.
- Future Outlook: Operating alongside Pintu under OJK regulation, ICEx may encourage traditional banks to explore digital asset custody services, further promoting the maturation and development of Indonesia's digital asset market.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
