Jonathan Gray
Disclaimer: This article is for informational purposes only and does not constitute financial advice. BitPinas has no commercial relationship with any mentioned entity unless otherwise stated.
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MEXC Ventures, the investment arm of global cryptocurrency exchange MEXC, made a strategic investment in Indonesian crypto exchange Triv, valuing the company at US$200 million.
MEXC Ventures x Triv
In a media release, the firms noted that the move is aimed at accelerating their expansion in Southeast Asia.
For MEXC Ventures, the deal strengthens its foothold in one of the region’s fastest-growing digital asset markets. The firm said it will leverage Triv’s established local presence to expand its user base and support adoption of cryptocurrencies across Indonesia.
“As part of MEXC Ventures’ strategic focus on Southeast Asia, we are excited to back Triv in its next phase of growth… Indonesia is one of the most dynamic and promising digital asset markets in the region, and Triv has earned a strong reputation for compliance, security, and user trust.”
Leo Zhao, Investment Director, MEXC Ventures
He added that the collaboration is intended to help Triv enhance its services for Indonesian users and drive wider crypto adoption in the country.
“We are committed to strategic investment, focusing not just on exciting ideas and talented developers, but on initiatives with clear long-term potential.”
Leo Zhao, Investment Director, MEXC Ventures
On the other hand, the investment brings Triv access to MEXC’s global liquidity, broader asset offerings, and technological expertise.
“We are pleased to welcome the MEXC Group into the Triv Group. This partnership will enable us to expand our coin offerings, enhance liquidity, and introduce more innovative products for both new and existing users. It also strengthens our commitment to keeping CryptoWave Media (part of Triv Group) as the no.1 crypto media platform in Indonesia.”
Gabriel Rey, CEO and Founder, Triv
What is Triv
Triv is one of Indonesia’s largest and longest-operating cryptocurrency exchanges, founded in 2015.
As per the media release, the platform serves over three million registered users and lists more than 1,000 digital assets, ranging from major cryptocurrencies like Bitcoin and Ethereum to USDT pairs, memecoins, and U.S. stock market products.
It is fully licensed to offer spot, staking, and futures trading under the oversight of both the Financial Services Authority (OJK) and the Commodity Futures Trading Regulatory Agency (BAPPEBTI).
Crypto Landscape in Indonesia
Currently, Indonesia legally recognizes cryptocurrencies but requires them to operate within strict regulatory frameworks. Digital assets are classified as commodities, permitting their use for investment and trading, but prohibiting their use as a means of payment.
Recently, Indonesia has raised taxes on cryptocurrency transactions since August 1 under a new finance ministry regulation, with higher rates applied to trades on overseas exchanges. Domestic crypto sales will be taxed at 0.21% of transaction value, up from 0.1%, while sales via foreign platforms will face a 1% tax, up from 0.2%. Buyers will no longer be charged value-added tax (VAT), previously set between 0.11% and 0.22%.
In the Philippines, MEXC appointed Amira Alawi as its country manager last June to spearhead its local expansion, focusing on user adoption through community-driven initiatives, education campaigns, and partnerships.
However, the exchange was included in the recently released advisory of the Philippine Securities and Exchange Commission (SEC) that flagged unregistered cryptocurrency platforms, noting that they are actively targeting Filipino users without the necessary licenses and exposing investors to significant risk.
This article is published on BitPinas: MEXC Ventures Expands Presence in Indonesia with $200M Investment in Crypto Exchange Triv
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