TLDR
- Bybit launched Bybit Indonesia after acquiring NOBI.
- The platform will operate under Indonesia’s OJK.
- Bybit Indonesia will start with over 500 crypto trading pairs.
- Indonesia had 22.4 million crypto accounts in May 2026.
- Lawrence Samantha will serve as CEO of Bybit Indonesia.
Bybit has launched a locally operated crypto platform in Indonesia after acquiring a majority stake in PT Enkripsi Teknologi Handal, formerly known as NOBI.
Bybit Indonesia Starts With 500 Trading Pairs
Bybit said the acquired company has been rebranded as Bybit Indonesia. The platform will operate under Indonesia’s Financial Services Authority, known as OJK, as the exchange expands through a licensed local business.
The rollout will begin with more than 500 cryptocurrency trading pairs. Bybit plans to introduce services in phases, while future products will depend on local regulatory approval and market requirements.
The platform will use Bybit’s global trading systems, institutional-grade liquidity, market monitoring, and risk controls. The company said the setup is designed to meet local rules while supporting Indonesian users.
Lawrence Samantha will lead Bybit Indonesia as chief executive officer. Dionisius Evan will serve as chief operating officer, while Steven Gotama joins the leadership team as chief marketing officer.
NOBI Team Leads Local Operations
The acquisition gives Bybit an established local entity instead of building a regulated platform from the beginning. PT Enkripsi Teknologi Handal was already among Indonesia’s licensed digital asset traders before the deal.
Samantha said, “This acquisition allows us to combine Bybit’s global capabilities with an experienced local team that understands Indonesia’s market and regulatory environment.” His comments point to the company’s plan to blend global infrastructure with local compliance knowledge.
Bybit Indonesia will manage daily operations, compliance, and regulatory engagement through the local team. The exchange also plans to expand education efforts through localized programs, including Bybit Learn.
The company said user protection and better disclosure will remain part of the rollout. Those areas are important in Indonesia, where regulators continue to oversee fast growth in digital asset activity.
Indonesia Crypto Market Keeps Growing
Indonesia has become one of Asia’s larger regulated crypto markets. OJK data placed registered crypto consumer accounts at 22.4 million as of May 2026, up from 21.7 million in April and 19.56 million at the end of 2025.
Crypto transaction value reached IDR 23.01 trillion, or about $1.4 billion, in May. That was slightly above April’s IDR 22.98 trillion, showing steady activity despite wider market volatility.
Earlier data showed Indonesia had 21.07 million registered crypto asset users as of February 2026. Total crypto transaction value also reached about $26.85 billion in 2025, or roughly 482 trillion Indonesian rupiah.
Indonesia had licensed more than 30 crypto-related entities as of 2026, including exchanges, clearing institutions, custodians, and digital asset traders. PT Enkripsi Teknologi Handal was part of that regulated group before becoming Bybit Indonesia.
Bybit’s move follows a wider pattern among global exchanges seeking local licenses and acquisitions in regulated markets. The launch gives Bybit a direct route into Indonesia’s growing crypto sector while keeping its operations under local supervision.
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