MEXC Ventures, the investment arm of global cryptocurrency exchange MEXC, has made a strategic investment in Indonesian crypto platform Triv at a $200 million valuation. The deal, confirmed on August 5, 2025, aims to strengthen MEXC's foothold in Southeast Asia, though the exact investment amount remains undisclosed.
Triv, founded in 2015, operates under Indonesia's Financial Services Authority (OJK) and Commodity Futures Trading Regulatory Agency (BAPPEBTI) oversight. With over 3 million registered users, it offers spot trading, staking, and futures services. CEO Gabriel Rey stated the capital will expand coin listings, enhance liquidity, and scale its CryptoWave Media division.
The investment arrives days after Indonesia implemented revised crypto tax rules, including a 0.21% tax for domestic exchange users (double the prior rate) and a 1% seller tax for foreign platform users. Despite tax increases, Indonesia's crypto market surged to 650 trillion rupiah ($40 billion) in 2023 transactions, with licensed platforms surpassing 20 million users – exceeding stock market participation.
Leo Zhao, MEXC Ventures Investment Director, cited Indonesia as "one of the most dynamic and promising digital asset markets in the region" and praised Triv's compliance and security standards. Triv competes with Binance-backed Tokocrypto and Pantera-funded Pintu in Indonesia's crowded exchange landscape.