Crypto exchange Bybit has expanded its presence in Indonesia after acquiring a majority stake in digital asset firm PT Enkripsi Teknologi Handal, formerly known as NOBI. The deal has seen NOBI rebranded as Bybit Indonesia.
The exchange will introduce its services in phases, starting with 500 cryptocurrency trading pairs. Lawrence Samantha, CEO of Bybit Indonesia, stated that the acquisition combines Bybit's global capabilities with an experienced local team that understands Indonesia's market and regulatory environment.
Indonesia has seen significant growth in the crypto space, with 21.07 million registered crypto asset users as of February 2026, according to the Indonesia Financial Services Authority. Total crypto transaction value reached $26.85 billion (482 trillion Indonesian rupiah) in 2025.