Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has officially launched a locally operated platform in Indonesia following its majority acquisition of PT Enkripsi Teknologi Handal (formerly NOBI). The new entity, Bybit Indonesia, operates under the supervision of Indonesia’s Financial Services Authority (OJK), marking a significant milestone in Bybit’s regulatory-first expansion strategy.
The launch grants Indonesian users access to over 500 cryptocurrency trading pairs at launch, with services to be rolled out gradually in compliance with local regulations. The platform features institutional-grade liquidity, market surveillance systems, and advanced risk controls aligned with both OJK requirements and Bybit’s global standards. Each future product introduction will follow regulatory approvals with appropriate disclosures and consumer protection measures.
Bybit Indonesia is led by a locally based management team to ensure regulatory alignment and market familiarity. Lawrence Samantha (CEO) and Dionisius Evan (COO), both formerly of NOBI’s senior management, alongside Steven Gotama (CMO), will oversee daily operations, compliance, and stakeholder engagement. Ben Zhou, Co-founder and CEO of Bybit, emphasized that Indonesia represents a long-term strategic market where sustainable growth requires close cooperation with authorities and user protection.
Education is central to the strategy, with localized initiatives such as Bybit Learn to inform Indonesian users about digital assets. The move solidifies Bybit’s regulated footprint in Southeast Asia and is expected to heighten competition in Indonesia’s fast-growing crypto sector.
