Bybit Launches In Indonesia Under OJK Oversight, Boosting Crypto Competition

By Sajjal Ali | Edited By Ammar Raza,July 17, 2026, 2:33 AM

Global cryptocurrency exchange Bybit has officially entered Indonesia through the launch of Bybit Indonesia, marking a key milestone in its Southeast Asia expansion. 

The company entered the market after acquiring a majority stake in PT Enkripsi Teknologi Handal, enabling it to operate locally under the supervision of Indonesia’s Financial Services Authority (OJK).

The move reflects a broader trend of global crypto exchanges prioritizing regulatory compliance as governments strengthen oversight of digital assets. 

Instead of applying for a new license independently, the exchange chose to enter Indonesia through a licensed local entity, highlighting its long-term commitment to one of Southeast Asia’s largest crypto markets.

Source: JawaPos

Also Read: Bybit Added to MAS Investor Alert List: 5 Critical Facts for Users

Bybit Plans Phased Crypto Expansion in Indonesia

The offerings by Bybit will be introduced phase by phase, with more than 500 trading pairs of cryptocurrencies powered by liquidity, market surveillance, and risk management according to the requirements set forth by the regulations of Indonesia as well as global standards.

The new products will be released in phases, and all will meet the guidelines from OJK and have consumer protection features and notifications.

For the Indonesian business, it will be managed by its CEO, Lawrence Samantha, while its COO, Dionisius Evan, who was once among the top executives at NOBI, and its chief marketing officer, Steven Gotama, will form the key executive team.

“Our focus is on disciplined operations, clear communication, and a well-planned transition for NOBI users,” Samantha said. “We will introduce products gradually in accordance with OJK requirements while making responsibility and transparency central to serving users in Indonesia.”

Bybit Launches in Indonesia Under OJK Oversight

The launch of Bybit is taking place in light of Indonesia’s regulatory review process for cryptocurrencies. There has been a shift in the regulation of digital assets from the Commodity Futures Trading Regulatory Agency (Bappebti) to OJK with the aim of improving governance and protection for investors, among other things.

Indonesia is developing into one of the fastest-growing cryptocurrency sectors in Southeast Asia thanks to the widespread use of digital assets and a youth population that is tech-savvy. The increasing crypto sector in Indonesia has attracted the attention of global exchanges looking for sustainable growth.

What Happens Next?

According to experts, this move by Bybit will definitely intensify the competition between the regulated exchanges since it will encourage more investments in regulation, security, and innovations. Users will benefit from another global exchange platform since it will increase the trading options available to them.

Bybit seeks to gradually expand its offerings one at a time through regulatory approval. Success for the crypto exchange depends on its ability to maintain compliance, establish and maintain trust from consumers, and provide tailored offerings for Indonesia’s rapidly evolving digital assets.

Also Read: Bybit to Limit Global Platform Services for EEA Users Under Regulatory Shift