Bybit has expanded its presence in Indonesia by launching Bybit Indonesia after acquiring a majority stake in PT Enkripsi Teknologi Handal, bringing the business under the supervision of the country’s Financial Services Authority (OJK).

The expansion forms part of Bybit’s strategy of entering new markets through licensed local operators while working closely with regulators.

The exchange said Indonesia represents a long-term strategic market and plans to introduce its services gradually, beginning with more than 500 crypto trading pairs supported by institutional-grade liquidity, market monitoring capabilities and risk management systems aligned with both local regulations and global compliance standards.

Bybit Indonesia will be managed by a local leadership team comprising CEO Lawrence Samantha, COO Dionisius Evan and CMO Steven Gotama.

Samantha said the acquisition enables Bybit to combine its international capabilities with local market expertise, adding that the company will introduce products gradually in line with OJK requirements while focusing on operational discipline, transparency and a seamless transition for former NOBI customers.