- Bybit launched a locally operated platform in Indonesia after acquiring a majority stake in PT Enkripsi Teknologi Handal, formerly known as NOBI.
- Services will be introduced in phases, beginning with access to 500 cryptocurrency trading pairs.
- Indonesia had 21.07 million registered crypto asset users as of February 2026.
Bybit Indonesia has launched after Bybit acquired a majority stake in PT Enkripsi Teknologi Handal, the digital asset company previously known as NOBI. The acquisition gives Bybit a locally operated platform in Indonesia, with services being introduced through a phased rollout that begins with 500 cryptocurrency trading pairs. The acquired company has also been rebranded as Bybit Indonesia as the exchange expands into one of Asia’s largest crypto markets. According to Indonesia’s Financial Services Authority, the country had 21.07 million registered crypto asset users as of February 2026. Crypto transaction value also reached $26.85 billion, equivalent to 482 trillion Indonesian rupiah, during 2025.
Bybit Indonesia starts with a local platform
Bybit said it established a locally operated platform in Indonesia after acquiring a majority stake in PT Enkripsi Teknologi Handal. The company previously operated under the NOBI brand before being renamed Bybit Indonesia following the transaction. This structure gives Bybit an established local presence rather than requiring the exchange to build an entirely new operation from the beginning.
The company plans to introduce its services gradually instead of making every product available at launch. The first phase will provide users with access to 500 cryptocurrency trading pairs. Bybit said the phased approach will support the development of its local offering while allowing the newly rebranded platform to expand its services over time.
Bybit Indonesia leadership team
Bybit Indonesia will be led by Lawrence Samantha as chief executive officer and Dionisius Evan as chief operating officer. Both executives previously held senior positions at NOBI before the company was acquired and rebranded. Their continued involvement gives the new platform a leadership team with experience in Indonesia’s digital asset market and familiarity with the acquired business.
In a company statement, Samantha said the acquisition combines Bybit’s global capabilities with a local team that understands Indonesia’s market and regulatory environment. His comments highlight the company’s decision to retain local expertise while integrating the platform into Bybit’s broader international operations. This approach may help the business manage its local rollout under the new brand.
Bybit Indonesia enters a large market
Indonesia’s Financial Services Authority reported that the country had 21.07 million registered crypto asset users as of February 2026. The authority also recorded total crypto transaction value of $26.85 billion during 2025, equivalent to approximately 482 trillion Indonesian rupiah. These figures demonstrate the scale of cryptocurrency participation and trading activity within the Indonesian market.
The size of the user base helps explain the timing of the Bybit Indonesia launch. Indonesia represents a significant market for cryptocurrency exchanges seeking to expand their presence in Asia. By operating through an established local company, Bybit is entering the market with an existing structure, experienced executives and a platform positioned within the country’s regulatory system.
Indonesia licensing framework
As of April, Indonesia had licensed 31 crypto-related entities operating across different parts of the digital asset industry. That total included two crypto exchanges, two clearing institutions, two custodians and 25 licensed digital asset traders. The framework separates the responsibilities of trading platforms, exchanges, clearing providers and custodians within the country’s regulated crypto market.
PT Enkripsi Teknologi Handal, the company acquired by Bybit, was listed as one of the country’s 25 licensed digital asset traders. Its existing position within that framework gives Bybit Indonesia a locally regulated operating structure as the company begins offering services under its new identity. The platform will now continue its activities under the Bybit brand following the majority acquisition.
Conclusion
Bybit Indonesia marks Bybit’s expansion into the country through a locally operated platform created after its majority acquisition of PT Enkripsi Teknologi Handal, formerly NOBI. The rebranded company will be managed by former NOBI executives Lawrence Samantha and Dionisius Evan, while services will be introduced in phases beginning with 500 cryptocurrency trading pairs. The company is entering a market that had 21.07 million registered crypto asset users as of February 2026 and recorded $26.85 billion in crypto transaction value during 2025. The launch also takes place within an established regulatory environment that included 31 licensed crypto-related entities as of April.
Disclaimer
The information provided in this article is for informational purposes only and should not be considered financial advice. The article does not offer sufficient information to make investment decisions, nor does it constitute an offer, recommendation, or solicitation to buy or sell any financial instrument. The content is opinion of the author and does not reflect any view or suggestion or any kind of advise from CryptoNewsBytes.com. The author declares he does not hold any of the above mentioned tokens or received any incentive from any company.
Featured image created by AI
