JAKARTA - Bybit, the world's second largest cryptocurrency exchange by trading volume, has officially launched a locally operated platform in Indonesia, following the acquisition of a majority stake from PT Enkripsi Teknologi Handal. This step makes Bybit Indonesia a local entity regulated under the supervision of the Financial Services Authority (OJK).
This move reflects Bybit's expansion strategy that prioritizes compliance with existing regulations, where the company enters new markets through structures that are subject to local rules, licensed entities, and ongoing engagement with regulatory authorities. Bybit considers Indonesia a long-term strategic market, not just a growth opportunity for the short term.
In the initial phase of its launch, Bybit Indonesia will introduce its products and services gradually, starting with more than 500 pairs of crypto assets. The platform will operate with institutional-level liquidity, market surveillance systems, and risk controls that are aligned with local requirements as well as global standards from Bybit.
The next products and services will be introduced progressively in accordance with applicable regulations, accompanied by adequate consumer notifications and protection.
Strengthening Local Governance and Operational Sustainability
Bybit Indonesia will be led by a local management team to ensure compliance with applicable regulations and a deep understanding of Indonesian market dynamics. The leadership team of Bybit Indonesia consists of Lawrence Samantha (CEO Bybit Indonesia) and Dionisius Evan (COO Bybit Indonesia), both of whom previously served as part of the senior management team of NOBI, along with Steven Gotama (CMO Bybit Indonesia).
This team will oversee daily operations, compliance with regulatory provisions, and stakeholder engagement in coordination with regulators and industry partners.
Lawrence Samantha, CEO of Bybit Indonesia, said that this acquisition allows his party to combine Bybit's global capabilities with an experienced local team that understands the market and the regulatory landscape in Indonesia.
"Our focus is on disciplined operations, clear communication, and a planned transition for NOBI users. We will introduce products gradually, in accordance with OJK requirements, and make the implementation of responsibility and transparency in serving users in Indonesia as a benchmark for our success," he said. , in his statement, Wednesday, July 15.
Ben Zhou, Co-founder and CEO of Bybit, said Indonesia represents a significant opportunity for the digital asset industry, but sustainable growth can only be achieved through responsible regulatory and operational alignment.
"Bybit Indonesia reflects our commitment to collaborate constructively with local authorities, respect the national regulatory framework, and build a platform that prioritizes user protection, transparency, and market integrity in the long term," explained Ben.
Education will be the main pillar of Bybit Indonesia's strategy. Bybit Indonesia will be committed to various literacy initiatives in Indonesia, starting with Bybit Learn, to encourage healthy and informed participation, and the responsible use of digital asset services.
All of these commitments are made to combine international standards with local understanding and context, so that users in Indonesia can navigate the digital asset ecosystem with more confidence.
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