Bybit Enters Indonesia After NOBI Acquisition, Adds 500+ Pairs

Indonesia had 21.07 million crypto consumer accounts as of February 2026, according to OJK data. That figure rose to 21.37 million in March, while crypto transactions reached IDR22.24 trillion during the month. The regulator had licensed 31 crypto-related entities by March: two exchanges, two clearing institutions, two custodians and 25 digital financial asset traders. Indonesia recorded IDR482.23 trillion in crypto transactions during 2025.

Bybit is not the only international exchange expanding through a local structure. BTSE launched its own regulated Indonesian platform in July after rebranding local exchange NVX through a joint venture, supporting rupiah services under an OJK license.

The two launches come as OJK tightens licensing and consumer protection requirements for the sector, pushing global exchanges to set up local entities.

Bybit's Indonesia entry fits a wider push into regulated markets. The exchange secured a full Virtual Asset Platform Operator license in the United Arab Emirates in October 2025 after receiving initial approval earlier that year. In January, Bybit outlined plans to expand beyond its core crypto exchange business into a broader financial platform covering banking, custody and cross-border services.

Bybit Indonesia said future products will be introduced gradually and according to OJK requirements. The company also plans to offer local education through Bybit Learn as it transitions existing NOBI users onto the new platform.