Bybit launches localized Indonesian platform Bybit Indonesia

Bybit has launched Bybit Indonesia as a locally operated platform following its majority acquisition of PT Enkripsi Teknologi Handal, formerly NOBI, giving the exchange a regulated local route into one of Asia’s largest crypto markets. The company said the rebranded entity operates under the supervision of Indonesia’s Financial Services Authority, or OJK, and will roll out services in stages starting with more than 500 trading pairs, using Bybit’s global liquidity as well as market surveillance and risk controls tailored to Indonesian requirements. Lawrence Samantha, formerly part of NOBI’s senior management, will serve as CEO, with Dionisius Evan continuing as chief operating officer and Steven Gotama as chief marketing officer. Samantha said the acquisition combines Bybit’s global capabilities with an experienced local team familiar with Indonesia’s market and regulatory system. Indonesia had 21.07 million crypto consumer accounts in February 2026, rising to 21.37 million in March, when crypto transactions reached IDR22.24 trillion. OJK had licensed 31 crypto-related entities by March, including two exchanges, two clearing institutions, two custodians and 25 digital financial asset traders, while total crypto transactions reached IDR482.23 trillion in 2025. The launch comes as Indonesia tightens licensing and consumer protection rules and as other international exchanges, including BTSE, also expand through locally compliant structures.