Bybit Lands in Jakarta, Pockets 500 Trading Pairs and 21M Potential Degens 🇮🇩

Crypto exchange Bybit has officially launched a locally operated platform in Indonesia, completing a majority-stake acquisition of PT Enkripsi Teknologi Handal, formerly known as NOBI. The Indonesian entity has been rebranded as Bybit Indonesia, the company said Thursday.

The exchange will roll out services in phases, beginning with 500 cryptocurrency trading pairs. Operations will be led by Lawrence Samantha, who has been appointed CEO, and Dionisius Evan, who serves as chief operating officer. Both executives previously held senior roles 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's crypto market has expanded rapidly in recent years. As of February 2026, the country had 21.07 million registered crypto asset users, according to the Indonesia Financial Services Authority (OJK). Total crypto transaction value reached $26.85 billion (482 trillion Indonesian rupiah) in 2025. As of April, Indonesia had licensed 31 crypto-related entities, including two crypto exchanges, two clearing institutions, two custodians, and 25 digital asset traders, one of which is PT Enkripsi Teknologi Handal.

Bybit joins a small group of licensed crypto exchanges operating in Indonesia, with regulators continuing to formalize oversight of digital asset trading across the country.