- Bybit 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 rebranded Bybit Indonesia will introduce services in phases, starting with 500 cryptocurrency trading pairs.
- Indonesia had 21.07 million registered crypto asset users as of February 2026, with total transaction value reaching $26.85 billion in 2025.
Crypto exchange Bybit announced Thursday it has launched a locally operated platform in Indonesia, following a majority acquisition of digital asset firm PT Enkripsi Teknologi Handal, formerly known as NOBI. The deal has rebranded NOBI as Bybit Indonesia, with the exchange planning to introduce services in phases starting with 500 cryptocurrency trading pairs, according to reports.
The new entity will be led by Lawrence Samantha as CEO and Dionisius Evan as chief operating officer, both former 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.
Indonesia’s crypto market has seen significant growth, with 21.07 million registered crypto asset users as of February 2026, data shows. Total crypto transaction value reached $26.85 billion in 2025, according to the Indonesia Financial Services Authority.
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 those licensed traders is PT Enkripsi Teknologi Handal, now operating as Bybit Indonesia.
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