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Bybit has launched Bybit Indonesia after acquiring a majority stake in local crypto platform NOBI.
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Indonesia’s crypto user base has grown to 22.4 million accounts as of May 2026.
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Indonesia remains one of Asia’s fastest-growing crypto markets, with OJK overseeing a regulated ecosystem of 32 licensed digital asset entities.
In a major expansion update, Bybit has strengthened its presence in Southeast Asia. It has announced launching Bybit Indonesia, a locally regulated cryptocurrency platform, following its majority acquisition of local crypto exchange, PT Enkripsi Teknologi Handal (formerly NOBI).
The move establishes Bybit’s first locally operated and regulated entity in the country. The platform will now operate under the supervision of Indonesia’s Financial Services Authority (OJK).
This aligns with the exchange’s strategy of expanding through licensed local businesses.
The development comes as Indonesia continues to emerge as one of Asia’s largest crypto markets. It has nearly 20 million registered crypto users and billions of dollars in annual trading activity.
What Changes With the Bybit NOBI Acquisition?
NOBI is an Indonesian crypto exchange operated by PT Enkripsi Teknologi Handal. By acquiring a majority stake in the company, Bybit gains a licensed local entity instead of building one from scratch.
As per the Press release shared with Block of Fame, the newly launched Bybit Indonesia will initially offer more than 500 cryptocurrency trading pairs. This will be supported by institutional-grade liquidity, market surveillance systems and risk controls drawn from Bybit’s global infrastructure.
The exchange will introduce crypto services in phases, with future products remaining subject to Indonesian regulatory requirements.
Bybit’s Indonesia business will continue to be managed by executives from NOBI. Lawrence Samantha has been appointed Chief Executive Officer, while Dionisius Evan will serve as Chief Operating Officer. Steven Gotama joins the leadership team as Chief Marketing Officer.
The exchange’s entry comes as prediction market platforms such as Polymarket continues to face ban in Indonesia.
The acquisition also reflects a broader industry trend, with major global exchanges increasingly pursuing local licenses and acquisitions to strengthen their presence in regulated markets. Recently, Metaplanet acquired Siibo Securities to expand its APAC presence.
How Good is Indonesia as a Crypto Market
Indonesia has become one of the world’s fastest-growing cryptocurrency markets. This has made it an increasingly attractive destination for global exchanges seeking regulated expansion.
