MEXC Ventures Invests $200 Million in Triv, Indonesia's Oldest Crypto Exchange

MEXC Ventures has made a significant investment in Triv, one of Indonesia's oldest cryptocurrency exchanges. As part of its Southeast Asia expansion strategy, the deal values Triv at $200 million. This marks a major milestone for Triv, which claims to have over 3 million registered users and multiple Indonesian licenses.

Triv was founded in 2015 and has established itself as a major player in the Indonesian crypto market. The exchange competes with other licensed players, including Binance-owned Tokocrypto and Pantera-backed Pintu.