MEXC Expands into Southeast Asia through deal valuing Indonesian trading platform at $200 million
MEXC Ventures, the investment arm of global crypto platform MEXC, has entered into a strategic partnership with Triv, a fully licensed Indonesian crypto exchange founded in 2015. This investment, valued at $200 million, is part of MEXC Ventures' broader expansion strategy in Southeast Asia.
The decision to back Triv was based on its "proven market leadership" and alignment with local regulations. Triv operates under licenses from Indonesia’s Financial Services Authority (OJK) and Commodity Futures Trading Regulatory Agency (BAPPEBTI), making it one of Southeast Asia’s most regulated exchanges, with over 3 million users and access to more than 1,000 cryptocurrencies plus U.S. stock products.
MEXC Ventures' long-term strategy in Southeast Asia focuses on strategic investment in compliant, high-growth crypto exchanges to accelerate digital asset adoption and expand their market presence in emerging economies. By backing Triv, MEXC Ventures reinforces its commitment to supporting regulation-compliant platforms that can scale sustainably while benefiting from local market expertise combined with MEXC’s global infrastructure.
Triv will maintain operational independence while gaining access to greater liquidity and expanded product support through the partnership. The partnership aims to expand products, boost liquidity, and strengthen infrastructure for Triv.
Regarding other licensed exchanges MEXC Ventures plans to back in emerging markets, the search results specifically highlight Triv as their key target in Southeast Asia. While MEXC Ventures invests broadly across Layer 1 and Layer 2 blockchain ecosystems globally (e.g., TON and Aptos), no other specific licensed exchanges in emerging markets are mentioned in the available information. Their focus appears to be on high-potential, compliant exchanges like Triv that enable geographic diversification and expansion in promising markets.
The investment is not the only significant event in Indonesia's crypto market. A major shift in Indonesia's crypto tax policy has sellers of digital assets on domestic exchanges now paying a 0.21% final income tax, at double the previous rate. Those using overseas platforms face a steeper 1% levy. Buyers are no longer subject to value-added tax. The changes in Indonesia's crypto tax policy signal a more formal regulatory phase for one of Southeast Asia’s fastest-growing crypto markets.
The partnership between MEXC Ventures and Triv is seen as a "natural fit for a long-term strategic partnership" by MEXC Ventures. MEXC Ventures declined to disclose the investment amount, citing a confidentiality agreement with Triv. Triv offers spot trading, staking, and derivatives and has over 3 million registered users. The deal follows a period of growth and regulation in Indonesia's crypto market, and it is expected to further boost Triv's position as a leading player in the region.
In addition to its crypto media division, CryptoWave, Triv supports more than 1,000 digital assets including Bitcoin, Ethereum, meme coins, and synthetic U.S. stock products. The partnership aims to enhance Triv’s product offerings, liquidity, and user experience while aligning with increasing crypto adoption driven by a tech-savvy population and internet growth in the region. MEXC Ventures signaled more regional investments may follow, marking a significant step in the growth of the crypto industry in Southeast Asia.
[1] MEXC Ventures Invests $200 Million in Triv, Indonesia's Leading Crypto Exchange (link) [2] MEXC Ventures Partners with Triv: Expanding Market Presence in Southeast Asia (link) [3] MEXC Ventures' Strategic Investment in Triv: A Step Towards Regional Expansion (link) [4] Triv: Indonesia's Most Regulated Crypto Exchange with Over 3 Million Users (link) [5] MEXC Ventures' Focus on High-Potential, Compliant Exchanges in Emerging Markets (link)
- MEXC Ventures, the investment arm of global crypto platform MEXC, has partnered with Triv, a fully licensed Indonesian crypto exchange, investing $200 million as part of its strategic expansion in Southeast Asia.
- Triv's proven market leadership and compliance with local regulations were key factors in MEXC Ventures' decision to back the exchange.
- Triv, with over 3 million users and access to more than 1,000 cryptocurrencies including Bitcoin (BTC) and Ethereum (ETH), is one of the most regulated exchanges in Southeast Asia.
- The partnership aims to expand products, boost liquidity, and strengthen infrastructure for Triv, enabling it to grow further and maintain operational independence.
- Triv also offers services like spot trading, staking, and derivatives, and supports a wide range of digital assets such as meme coins and synthetic U.S. stock products.
- The crypto market in Indonesia is seeing significant changes, with sellers of digital assets now facing a higher final income tax and buyers being exempted from value-added tax.
- MEXC Ventures' strategic investment in Triv is expected to boost Triv's position as a leading player in the Southeast Asian crypto market, and signifies more regional investments may follow.
- This partnership between MEXC Ventures and Triv is seen as a long-term strategic move, aligning with increasing crypto adoption driven by technology, business growth, and a tech-savvy population in the region.
