Bybit Expands into Regulated Indonesia Market with Bybit Indonesia Launch

Bybit has launched Bybit Indonesia, its locally operated cryptocurrency platform in Indonesia following its majority acquisition of PT Enkripsi Teknologi Handal (formerly NOBI).

The exchange will operate under the supervision of the Financial Services Authority (OJK) and offer more than 500 trading pairs. Bybit's global liquidity will be used alongside market surveillance and risk controls designed to meet Indonesian requirements.

NoBI has been rebranded as Bybit Indonesia, with its existing local management remaining involved in running the business and handling regulatory compliance. Lawrence Samantha, formerly part of NOBI's senior management, will serve as CEO, while Dionisius Evan will continue as chief operating officer and Steven Gotama as chief marketing officer.

The launch comes as authorities increase oversight of companies serving Indonesian crypto users. Indonesia had 21.07 million crypto consumer accounts as of February 2026, with OJK having licensed 31 crypto-related entities by March. Bybit's expansion into regulated markets fits its wider push, including securing a full Virtual Asset Platform Operator license in the United Arab Emirates in October 2025.