The exchange said on July 3 that it rebranded local platform NVX, partnered with PT Aset Kripto Internasional and secured an OJK license for legal crypto trading services.
BTSE has expanded into Indonesia’s regulated crypto market by launching BTSE Indonesia after rebranding local exchange NVX and partnering with PT Aset Kripto Internasional. Announced on July 3, the new operation has secured a Digital Financial Assets and Crypto Asset Trading Operator license from Indonesia’s Financial Services Authority, OJK, allowing it to offer legal crypto trading services under Indonesian law. BTSE Group is providing trading infrastructure, liquidity and technology, while the local team is handling customer growth, partnerships, marketing and day-to-day operations. The approval also enables work with local banks and payment providers for rupiah deposits and withdrawals, currency conversion and rupiah-denominated trading pairs. BTSE said it may add crypto derivatives if local rules allow, as competition among licensed platforms rises and Indonesia tightens compliance requirements for crypto businesses and promotions.