Bybit Strengthens Presence in Indonesia Following Acquisition of PT Enkripsi Teknologi Handal

Bybit Indonesia strengthens its presence in Indonesia (photo: Rana/VOI)

Bybit Indonesia, a global cryptocurrency exchange, has officially confirmed its position in Indonesia after completing the acquisition of a majority stake in PT Enkripsi Teknologi Handal (NOBI) last April.

Now, Bybit Indonesia operates using a Digital Financial Asset Trader (PAKD) license under the supervision of the Financial Services Authority (OJK). The company focuses on providing a legal digital asset trading platform that is integrated with the local financial system.

In its latest press conference, Bybit outlined its product roadmap that leads to expanding access to financial services for local users. This expansion includes the gradual development of trading features and the continuous update of transaction infrastructure.

In addition, the Bybit platform provides a deposit and withdrawal feature for Indonesian currency that is directly connected to national banking to facilitate transactions. Users are also given access to more than 500 pairs of trading crypto assets along with supporting technical analysis features.

Bybit Indonesia CEO, Lawrence Samantha, stated that the company's main focus is to deepen the user experience at all levels. His party plans to strengthen partnerships with national banks, digital asset communities, and institutions of higher learning.

In addition to the development of financial products, Bybit Indonesia is actively carrying out digital literacy programs and educating the public through Bybit Indonesia Learn. Two-way communication activities are also held in various regions through roadshows in 12 cities as well as partnerships with campuses.

"We believe education is also a very important job. Therefore, we also teach in Indonesia Learn, an education center containing content about crypto assets and how to use various features on our platform," said Lawrence on Tuesday, August 11.

As part of meeting operational standards, this platform has obtained ISO/IEC 27001 security certification and is officially registered as PSE at Komdigi. The integration of global standards and local compliance is expected to increase public confidence in the national crypto asset industry.