Bybit officially launched Bybit Indonesia on July 15, making its formal entry into one of Southeast Asia’s fastest-growing digital asset markets. The platform went live with over 500 trading pairs and operates under the supervision of Indonesia’s Financial Services Authority, known as OJK.

The NOBI acquisition play

Rather than spending years navigating Indonesia’s licensing process, Bybit acquired a majority stake in PT Enkripsi Teknologi Handal in 2025. You might know that entity by its previous name: NOBI, a local crypto platform that already held the regulatory credentials Bybit needed.

The leadership team reinforces that continuity strategy. Lawrence Samantha serves as CEO and Dionisius Evan as COO, both formerly of NOBI.

At launch, Bybit Indonesia is concentrating on spot trading and crypto conversions. Bybit has also taken a cautious approach by not introducing any new tokens specific to the launch.

Why OJK matters

Indonesia’s crypto regulatory landscape underwent a significant shift on January 10, 2025, when OJK assumed full supervisory authority over digital asset trading. Previously, that responsibility sat with Bappebti, the country’s commodities futures regulator. This change was prompted by Government Regulation No. 49/2024 and OJK Regulation No. 27/2024.

In English: crypto in Indonesia moved from being treated like a commodity to being overseen by the same body that watches over banks, insurance companies, and capital markets.