Is Haji Isam's Crypto Exchange Launching? Check the Facts

Bittime - Industry players and the crypto community are intrigued by the news of a new digital asset exchange linked to a prominent national businessman. The figure mentioned is Haji Isam, a renowned successful entrepreneur from South Kalimantan.

Even Happy Hapsoro's name has been dragged into social media discussions. Both are said to be interested in entering the crypto exchange business, which is currently attracting increasing interest from investors in Indonesia.

The question is, are the Haji Isam and Happy Hapsoro crypto exchanges really going to launch soon? Here are the facts that have been confirmed.

One Crypto Exchange Has Already Obtained a License

In a press conference following the OJK's Monthly Board of Commissioners Meeting on October 9, 2025, Hasan Fawzi, Chief Executive of the OJK's ITSK, Digital Financial Assets, and Crypto Assets Supervisory Agency, announced that a crypto exchange had received official permission.

The name of the exchange has not been disclosed, but it is among 28 entities whose applications have been approved by the regulator.

This statement immediately sparked speculation. Industry players wondered who was behind the proposed new exchange. To date, Hasan has not provided further clarification when several media outlets attempted to confirm this.

Robby Bun, Chairman of the Indonesian Blockchain and Crypto Asset Traders Association (Aspakrindo ABI), sees this news as a positive sign. He believes that the growing number of licensed crypto exchanges will increase the competitiveness of the Indonesian crypto industry and strengthen investor confidence.

Read also: 10 Most Sought-After Coins in Indonesia This Week: Must-Haves on Your Watchlist!

So, CFX Challenger?

Currently, the official crypto exchange position is still held byCFX operating under the supervision of the Financial Services Authority (OJK). CFX acts as a crypto asset trading exchange and oversees its member trading platforms.

CFX also collaborates with the Indonesian Commodity Clearing House and the Indonesian Coin Custodian to ensure transaction security and trustworthy governance.

The presence of a new competitor will undoubtedly change the competitive landscape. CFX itself has responded positively to this issue. They believe the prospective new exchange has likely passed the OJK's rigorous assessment, thus potentially strengthening the overall ecosystem.

In its latest report, CFX recorded a transaction value of over 73 trillion rupiah (approximately US$5.7 billion). This figure has increased sharply compared to the previous year and indicates growing public interest in crypto trading.

Read also: Crypto Market Today: Global Sentiment & Impact on IDR

The Connection Between Crypto Exchanges and Haji Isam

Reported from CNBC, Haji Isam, also known as Samsudin Andi Arsyad, has emerged as a potential new crypto exchange owner. The Batulicin-based entrepreneur is known for his significant role in various business sectors, including mining, agribusiness, media, property, and air transportation, through his Jhonlin Group.

Haji Isam made headlines when he purchased a private jet in 2024. He also expanded his business by purchasing a stake in KFC Indonesia through one of his business entities.

However, to date, there has been no official statement from Haji Isam regarding ownership or plans to establish a crypto exchange. The circulating news remains merely a rumor and has not been directly confirmed.

Read also: BC.GAME Crypto-Based Esports: Combining the Worlds of Esports and Crypto Technology

Happy Hapsoro Also Mentioned

Not only Haji Isam, but Happy Hapsoro's name has also emerged as a candidate to own a new crypto exchange. This senior investor, known for his close ties to the capital markets and property sectors, is said to be exploring opportunities in the digital asset trading business.

However, like other rumors, there's no certainty that the Happy Hapsoro crypto exchange will actually launch anytime soon. Everything remains in the public speculation stage.

How to Buy Crypto on Bittime

Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.

Also, visit the Bittime Blog for interesting updates and educational information about the crypto world. Find reliable articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your crypto knowledge.

FAQ

Is it true that Haji Isam will launch a crypto exchange?

There has been no official statement. The information circulating is still just rumors.

Who owns the new crypto exchange that has received OJK permission?

OJK has not announced the name of the owner or organizer.

Is Happy Hapsoro also involved in the establishment of the crypto exchange?

His name has been mentioned in public rumors, but there has been no direct confirmation.

What would it mean if Indonesia had more crypto exchanges?

Competition can increase innovation, security, and choice for investors.

Is CFX still an official exchange?

Yes, CFX remains an official crypto exchange operating under OJK's license.