Bybit launches OJK-regulated Indonesian exchange after acquiring majority stake in local exchange NOBI and migrating users.
Ecosystem ·
Bybit has launched a regulated exchange in Indonesia following its acquisition of a majority stake in NOBI, a locally licensed trading platform. The move involved migrating NOBI's user base and assets to a rebranded venue now operating under Indonesian financial regulator OJK supervision. This represents Bybit's expansion into a major Southeast Asian market through an established domestic license rather than a greenfield entry.
The acquisition consolidates Bybit's presence across key Asia-Pacific jurisdictions. By taking control of an incumbent exchange with existing regulatory standing, Bybit can offer services to Indonesian users while avoiding the lengthy and uncertain licensing process a new applicant would face. The transition preserved NOBI's operational continuity and compliance status under local oversight.
The timing and full scope of the integration remain partially unclear from available announcements. Details on the transaction size, specific timeline for user migration completion, and any operational or product changes introduced on the rebranded platform have not been disclosed in the materials available.