Jakarta (ANTARA) \u2013 Bybit has officially launched a platform operating\nlocally in Indonesia, following a majority acquisition of PT Enkripsi\nTeknologi Handal. This makes Bybit Indonesia a locally regulated entity\nunder the supervision of the Financial Services Authority (OJK).<\/p>\n
The move reflects Bybit\u2019s expansion strategy, which prioritises\ncompliance with existing regulations, with the company entering new\nmarkets through structures that adhere to local rules, licensed\nentities, and ongoing engagement with regulatory authorities. Bybit\nviews Indonesia as a strategic long-term market, not merely a short-term\ngrowth opportunity.<\/p>\n
In the initial phase of its launch, Bybit Indonesia will introduce\nits products and services gradually, beginning with more than 500 crypto\nasset pairs. The platform will operate with institutional-grade\nliquidity, market surveillance systems, and risk controls aligned with\nlocal requirements and Bybit\u2019s global standards.<\/p>\n
Strengthening Local Governance and Operational Continuity<\/p>\n
Bybit Indonesia will be led by a local management team to ensure\ncompliance with applicable regulations and a deep understanding of\nIndonesian market dynamics. Bybit Indonesia\u2019s leadership comprises\nLawrence Samantha (CEO of Bybit Indonesia) and Dionisius Evan (COO of\nBybit Indonesia), both previously part of NOBI\u2019s senior management team,\nalongside Steven Gotama (CMO of Bybit Indonesia).<\/p>\n
\u201cThis acquisition enables us to combine Bybit\u2019s global capabilities\nwith an experienced local team that thoroughly understands the\nIndonesian market and regulatory landscape. Our focus is on disciplined\noperations, clear communication, and a planned transition for NOBI\nusers. We will introduce products gradually, in accordance with OJK\nrequirements, and make the embodiment of responsibility and transparency\nin serving users in Indonesia the benchmark of our success,\u201d said\nLawrence Samantha, CEO of Bybit Indonesia.<\/p>\n
Meanwhile, Bybit Co-founder and CEO Ben Zhou said Indonesia\nrepresents a significant opportunity for the digital asset industry, but\nsustainable growth can only be achieved through regulatory alignment and\nresponsible operations.<\/p>\n
\u201cBybit Indonesia reflects our commitment to collaborating\nconstructively with local authorities, respecting the national\nregulatory framework, and building a platform that prioritises user\nprotection, transparency, and market integrity in the long term,\u201d Ben\nconcluded.<\/p>\n
Bybit Indonesia will be committed to various literacy initiatives in\nIndonesia, starting with Bybit Learn, to encourage healthy and informed\nparticipation and the responsible use of digital asset services.<\/p>\n
All of these commitments are aimed at combining international\nstandards with local understanding and context, so that users in\nIndonesia can navigate the digital asset ecosystem with greater\nconfidence.<\/p>\n
Further information is available at bybit.id.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/bybit-launches-indonesian-platform-following-majority-acquisition-of-nobi-1784112901", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }