Crypto exchange Bybit launches in Indonesia after NOBI acquisition
Summary
Bybit has launched a locally operated platform in Indonesia after acquiring a majority stake in PT Enkripsi Teknologi Handal, formerly NOBI, which has been rebranded as Bybit Indonesia. Services will roll out in phases, beginning with 500 cryptocurrency trading pairs. The platform will be led by Lawrence Samantha as CEO and Dionisius Evan as COO, both former senior NOBI executives. The move combines Bybit’s global resources with local market and regulatory expertise. Indonesia’s crypto market is large and growing, with 21.07 million registered users as of February 2026 and $26.85 billion in transaction value in 2025. As of April, 31 crypto-related entities were licensed in the country.
