Bybit Launches Indonesia Platform After NOBI Acquisition

Bybit launched a locally operated platform in Indonesia on Thursday after acquiring a majority stake in PT Enkripsi Teknologi Handal, formerly known as NOBI. The acquisition enables Bybit to combine its global capabilities with an experienced local team familiar with Indonesia's market and regulatory environment. Indonesia had 21.07 million registered crypto asset users as of February 2026, with total crypto transaction value reaching $26.85 billion in 2025, according to the Indonesia Financial Services Authority.

Bybit Acquires Majority Stake in NOBI and Rebrands as Bybit Indonesia

The deal saw NOBI rebranded as Bybit Indonesia. Bybit plans to introduce its services in phases, starting with 500 cryptocurrency trading pairs. The exchange will be led by Lawrence Samantha, who serves as CEO, and Dionisius Evan, who serves as chief operating officer. Both executives were formerly senior leaders at NOBI.

"This acquisition allows us to combine Bybit's global capabilities with an experienced local team that understands Indonesia's market and regulatory environment," Samantha said in a statement.

Indonesia Crypto Market Reaches 21.07 Million Users by February 2026

As of February 2026, Indonesia had 21.07 million registered crypto asset users, according to the Indonesia Financial Services Authority. Total crypto transaction value reached $26.85 billion (482 trillion Indonesian rupiah) in 2025.

Indonesia Licensed 31 Crypto Entities as of April

As of April, Indonesia had licensed 31 crypto-related entities, including two crypto exchanges, two clearing institutions, two custodians, and 25 digital asset traders. PT Enkripsi Teknologi Handal is one of the 25 licensed digital asset traders.

FAQ

What did Bybit announce on Thursday regarding Indonesia?

Bybit announced it launched a locally operated platform in Indonesia after acquiring a majority stake in PT Enkripsi Teknologi Handal, formerly known as NOBI. The platform was rebranded as Bybit Indonesia and will introduce services in phases starting with 500 cryptocurrency trading pairs.

How many crypto users does Indonesia have as of February 2026?

Indonesia had 21.07 million registered crypto asset users as of February 2026, according to the Indonesia Financial Services Authority. Total crypto transaction value reached $26.85 billion in 2025.

Who leads the Bybit Indonesia platform?

Bybit Indonesia is led by Lawrence Samantha as CEO and Dionisius Evan as chief operating officer. Both executives were formerly senior leaders at NOBI before the acquisition and rebranding.