MEXC Ventures, the investment division of the crypto exchange MEXC, has made a strategic move into Southeast Asia by investing in Triv, an Indonesian crypto exchange. While the exact amount of the investment remains undisclosed, the deal values Triv at $200 million.
Founded in 2015, Triv is one of Indonesia's longest-running crypto exchanges. It boasts over 3 million registered users and is fully licensed and supervised by the country's Financial Services Authority (OJK) and the Commodity Futures Trading Regulatory Agency (BAPPEBTI). The platform operates in a highly competitive market against other major players like Binance-owned Tokocrypto and Pantera-backed Pintu.
According to Leo Zhao of MEXC Ventures, Indonesia's digital asset market is "dynamic and promising," and Triv was chosen for its strong reputation for compliance and user trust. Triv's CEO, Gabriel Rey, stated that the partnership with MEXC will help the exchange expand its coin offerings, improve liquidity, and support its crypto media arm, CryptoWave Media.
This investment comes shortly after Indonesia's new crypto tax rules went into effect on August 1. The new regulations raise transaction taxes for domestic and foreign exchanges but remove the value-added tax (VAT) on crypto purchases.
The move highlights the growing importance of the Indonesian market, where crypto transactions tripled last year to approximately $40 billion, and the number of crypto users now exceeds the number of stock market investors.
August 2025, Cryptoniteuae