Svmuu News: Cryptocurrency exchange Bybit announced the launch of a local operating platform in Indonesia following its acquisition of a majority stake in digital asset company PT Enkripsi Teknologi Handal. PT Enkripsi Teknologi Handal, formerly known as NOBI, was renamed Bybit Indonesia upon completion of the transaction.
Bybit stated that it will roll out services in phases, with the first batch featuring 500 cryptocurrency trading pairs. Bybit Indonesia will be led by Lawrence Samantha as CEO and Dionisius Evan as Chief Operating Officer; both previously served as executives at NOBI.
According to data from the Indonesian Financial Services Authority, as of February 2026, there were 21.07 million registered crypto asset users in Indonesia, with total crypto trading volume reaching $26.85 billion in 2025. As of April, Indonesia had licensed 31 crypto-related entities, including PT Enkripsi Teknologi Handal.
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Following its acquisition of NOBI, Bybit launched a localized platform in Indonesia, featuring 500 trading pairs in its initial rollout
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