OTC Overview
FY 2024 · All pairs · Settled transactions only
Net PnL (FY 2024)
IDR 41.4B
~$1.6M USD · settled only
Total Volume
IDR 18.2T
~$660M USD notional
Total Transactions
5,968
92.8% settlement rate
Avg Spread
30 bps
Blended across all pairs
5,537
Settled
201
Pending
177
Reconciling
53
Failed
Monthly Net PnL (IDR)
FY 2024
PnL by Pair
Settled
Top Clients by Net PnL
2024
Volume Contribution by Pair
FY 2024 · IDR Notional
P&L Analysis
Revenue recognition on full settlement of both legs
Gross Spread (FY)
IDR 41.4B
Before regulatory tax
Net PnL (FY)
IDR 25.8B
After 0.21% OJK tax
Tax Paid (FY)
IDR 19.6B
Regulatory compliance
Tax/Spread Ratio
43%
Effective tax burden
Monthly Waterfall: Gross Spread → Tax → Net PnL
IDR billions
Gross
Spread
Tax
(0.21%)
Net
PnL
PnL Breakdown by Pair
FY 2024 · Settled
| Pair | Transactions | Avg Spread (bps) | Net PnL (IDR) | PnL Share |
|---|
Recent Transactions
Latest 20 settled transactions · Sorted by trade timestamp
| TX ID | Date | Pair | Dir | Client | Volume | Rate (IDR) | IDR Amount | Spread | Net PnL | Status |
|---|
OTC Pricer
Live quote calculator · MM rate + spread + 0.21% OJK tax
Quote Calculator
Indicative only
Buy Quote (IDR/unit)
—
Sell Quote (IDR/unit)
—
Est. Net PnL (IDR)
—
Total IDR (Buy)
—
Total IDR (Sell)
—
Tax (0.21%)
—
Formula: Buy quote = MM rate × (1 + spread + 0.21% tax) · Sell quote = MM rate × (1 − spread − 0.21%
tax) · PnL recognized on full settlement of both crypto and fiat legs · Tax remitted per OJK PMK
regulation.
Typical Spread Ranges by Pair
Historical average
| Pair | Min Spread | Max Spread | Avg (FY 2024) | Notes |
|---|---|---|---|---|
| USDT/IDR | 12 bps | 28 bps | 20 bps | Tightest — high frequency stablecoin |
| USDC/IDR | 15 bps | 29 bps | 22 bps | Slightly wider — lower liquidity vs USDT |
| BTC/IDR | 45 bps | 120 bps | 84 bps | Wider — price volatility risk during settlement window |
| PAXG/IDR | 60 bps | 150 bps | 99 bps | Widest — gold premium + FX conversion risk |