Bybit Launches Indonesian Platform Following Majority Acquisition of NOBI
Jakarta (ANTARA) – Bybit has officially launched a platform operating locally in Indonesia, following a majority acquisition of PT Enkripsi Teknologi Handal. This makes Bybit Indonesia a locally regulated entity under the supervision of the Financial Services Authority (OJK).
The move reflects Bybit’s expansion strategy, which prioritises compliance with existing regulations, with the company entering new markets through structures that adhere to local rules, licensed entities, and ongoing engagement with regulatory authorities. Bybit views Indonesia as a strategic long-term market, not merely a short-term growth opportunity.
In the initial phase of its launch, Bybit Indonesia will introduce its products and services gradually, beginning with more than 500 crypto asset pairs. The platform will operate with institutional-grade liquidity, market surveillance systems, and risk controls aligned with local requirements and Bybit’s global standards.
Strengthening Local Governance and Operational Continuity
Bybit Indonesia will be led by a local management team to ensure compliance with applicable regulations and a deep understanding of Indonesian market dynamics. Bybit Indonesia’s leadership comprises Lawrence Samantha (CEO of Bybit Indonesia) and Dionisius Evan (COO of Bybit Indonesia), both previously part of NOBI’s senior management team, alongside Steven Gotama (CMO of Bybit Indonesia).
“This acquisition enables us to combine Bybit’s global capabilities with an experienced local team that thoroughly understands the Indonesian market and regulatory landscape. Our focus is on disciplined operations, clear communication, and a planned transition for NOBI users. We will introduce products gradually, in accordance with OJK requirements, and make the embodiment of responsibility and transparency in serving users in Indonesia the benchmark of our success,” said Lawrence Samantha, CEO of Bybit Indonesia.
Meanwhile, Bybit Co-founder and CEO Ben Zhou said Indonesia represents a significant opportunity for the digital asset industry, but sustainable growth can only be achieved through regulatory alignment and responsible operations.
“Bybit Indonesia reflects our commitment to collaborating constructively with local authorities, respecting the national regulatory framework, and building a platform that prioritises user protection, transparency, and market integrity in the long term,” Ben concluded.
Bybit Indonesia will be committed to various literacy initiatives in Indonesia, starting with Bybit Learn, to encourage healthy and informed participation and the responsible use of digital asset services.
All of these commitments are aimed at combining international standards with local understanding and context, so that users in Indonesia can navigate the digital asset ecosystem with greater confidence.
Further information is available at bybit.id.