Key facts
- Bybit has launched a locally operated platform in Indonesia.
- The launch was preceded by Bybit's acquisition of a majority stake in PT Enkripsi Teknologi Handal, formerly NOBI.
- The acquired entity is now known as Bybit Indonesia.
- The company plans to introduce its services in phases, beginning with 500 cryptocurrency trading pairs.
- Lawrence Samantha will serve as CEO and Dionisius Evan as COO of Bybit Indonesia.
Crypto exchange Bybit announced its official launch in Indonesia, establishing a locally operated platform following its acquisition of a majority stake in PT Enkripsi Teknologi Handal, previously known as NOBI. The rebranded entity, Bybit Indonesia, aims to combine Bybit's global expertise with local market understanding.
Lawrence Samantha, who will lead Bybit Indonesia as CEO, stated that the acquisition allows for the integration of Bybit's global capabilities with an experienced local team familiar with Indonesia's market and regulatory landscape. Dionisius Evan, also a former senior executive at NOBI, will serve as chief operating officer.
Bybit Indonesia plans a phased rollout of its services, commencing with approximately 500 cryptocurrency trading pairs. As of February 2026, Indonesia reported 21.07 million registered crypto asset users, with a total transaction value of $26.85 billion in 2025, according to the Indonesia Financial Services Authority. By April, Indonesia had licensed 31 crypto-related entities.