Bybit enters Indonesia with NOBI majority stake, launches local exchange
What's the deal? Dubai-based crypto exchange BybitDealroom has a profile for this one. Try Dealroom → launched Bybit Indonesia on July 15, 2026 after acquiring a majority stake in PT Enkripsi Teknologi Handal, the legal entity behind Jakarta-based crypto trading platform NOBI. The move gives Bybit a licensed local entry into Southeast Asia's largest economy.
Why now? Indonesia recently shifted crypto-asset licensing from commodities regulator Bappebti to the Financial Services Authority (OJK), with the handover formalised on January 10, 2025. The acquisition lets Bybit operate under the new framework alongside 28 other locally licensed exchanges.
Who's running it? Former NOBI executives Lawrence SamanthaDealroom has a profile for this one. Try Dealroom → and Dionisius Evan were appointed chief executive officer and chief operating officer of Bybit Indonesia. Steven Gotama was named chief marketing officer, carrying NOBI's local expertise into the new operation.
What's the endgame? Bybit said it will roll out products and services in stages, starting with more than 500 crypto-asset pairs. NOBI, founded in 2018, gives it an established local platform to build on.
The signal: The deal reflects how global exchanges are using acquisitions to enter regulated markets rather than building from scratch, as Indonesia tightens oversight under a new regulator.
Read more: Tech in Asia
Image credit: Generated with Gemini
