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Crypto exchange Bybit acquires majority stake in PT Enkripsi Teknologi Handal, renaming the company Bybit Indonesia and launching a local platform. Bybit Indonesia has launched its first batch of 500 cryptocurrency trading pairs, with Lawrence Samantha as CEO and Dionisius Evan as COO. According to data from the Indonesian Financial Services Authority, as of February 2026, there were 21.07 million registered cryptocurrency users in Indonesia, and the total amount of cryptocurrency transactions in 2025 reached 26.85 billion US dollars. As of April, Indonesia has licensed 31 cryptocurrency related entities.