Crypto exchange Bybit launches in Indonesia after NOBI acquisition
COINTELEGRAPH ·
Crypto exchange Bybit announced Thursday it has launched a locally operated platform in Indonesia after acquiring a majority stake in digital asset firm PT Enkripsi Teknologi Handal, formerly known as NOBI. The deal saw NOBI rebranded as Bybit Indonesia. The crypto exchange said it plans to introduce its services in phases, starting with 500 cryptocurrency trading pairs. The exchange will be led by Lawrence Samantha, who will serve as CEO and Dionisius Evan, who serves as chief operating officer, both formerly senior executives at NOBI. “This acquisition allows us to combine Bybit’s global capabilities with an experienced local team that understands Indonesia’s market and regulatory environment,” Samantha said in a statement. As of February 2026, Indonesia had 21.07 million registered crypto asset users, according to the Indonesia Financial Services Authority, with total crypto transaction value reaching $26.85 billion (482 trillion Indonesian rupiah) in 2025. As of April, Indonesia had licensed 31 crypto-related entities, including two crypto exchanges, two clearing institutions, two custodians, and 25 digital asset traders, one of which is PT Enkripsi Teknologi Handal.
DYAX Investor Sentiment
Bullish (Long) 56% · Bearish (Short) 44%
514 participants
Related News
- 1win Expands Its Prediction Markets with Crypto Forecasts
- Ordinals dev Leonidas proposes new Bitcoin client: '$DOG Mode'
- Bitcoin's anti-spam fight gets a 'DOG Mode' reply
- 'Fewer But Far More Surgical'—Crypto Hacks Hit $1.3 Billion In 2026
- Agentic wallet securityhow AI agents can transact with less risk
- Trump Media sells Wall Street low-latency access to Trump posts