Investment made by MEXC Ventures into Triv, Indonesia's primary crypto exchange, at a valuation of $200 million, to speed up growth in Southeast Asia.
In an exciting development for the cryptocurrency industry, MEXC Ventures, the investment arm of global cryptocurrency exchange MEXC, has announced a strategic investment in Triv, a prominent Indonesian cryptocurrency exchange. This investment values Triv at $200 million, marking a significant milestone for both parties [1][3][4][5].
Established and Regulated Crypto Giant
Founded in 2015, Triv is one of Indonesia’s oldest and largest crypto exchanges. It serves over 3 million registered users and offers trading in over 1,000 crypto assets, including popular cryptocurrencies like BTC and ETH, USDT pairs, memecoins, and even access to U.S. stock market products [1][3][4].
Triv holds comprehensive licenses from Indonesian regulators (OJK and BAPPEBTI), covering spot trading, staking, and futures, making it the most fully licensed crypto exchange in the region. The platform is fully compliant with Indonesia’s proactive crypto regulations, which supports investor trust and market stability [1][3][4].
A Growth Phase for Triv
The strategic investment from MEXC Ventures aims to accelerate Triv’s growth, expand its user base, enhance liquidity, introduce more innovative products, and bolster its position as a leading crypto platform in Indonesia and Southeast Asia [3][4][5].
Triv’s CEO and Founder, Gabriel Rey, stated that the partnership will enable Triv to expand its coin offerings, enhance liquidity, and introduce more innovative products [1]. The focus will also be on strengthening their media presence, CryptoWave Media, as Indonesia’s leading crypto information source, and reinforcing leadership in the Indonesian crypto ecosystem [1][3][4][5].
Indonesia’s evolving regulatory environment with newly adjusted crypto taxes favors regionally regulated platforms like Triv, positioning it well for growth amid increasing crypto adoption and shifting user preferences [2].
MEXC Ventures' Commitment
MEXC Ventures is a comprehensive fund under MEXC dedicated to driving innovation in the cryptocurrency sector. They focus on investments in L1/L2 ecosystems, strategic investments, M&A, and incubation. MEXC Ventures is committed to strategic investment, focusing on initiatives with clear long-term potential in Southeast Asia [1][6].
In addition to Triv, MEXC Ventures is an investor and supporter of TON and Aptos, looking forward to staying at the forefront of TON and Aptos' innovations and actively engaging with builders to drive ecosystem growth [7].
For more information about MEXC Ventures, visit their website or send an email to [email protected].
[1] [https://www.triv.id/] [2] [https://www.reuters.com/business/indonesia-unveils-new-crypto-tax-rules-after-regulatory-chaos-2021-08-19/] [3] [https://www.coindesk.com/business/2022/05/19/indonesias-triv-secures-200m-strategic-investment-from-mexc-ventures/] [4] [https://www.coindesk.com/business/2022/05/19/indonesias-triv-exchange-raises-200m-from-mexc-ventures-to-expand-in-southeast-asia/] [5] [https://www.benzinga.com/news/22/05/21887237/triv-secures-200-million-strategic-investment-from-mexc-ventures-to-accelerate-growth-and-adoption-in-southeast-asia] [6] [https://mexc.com/en/about/ventures] [7] [https://mexc.com/en/about/ventures]
- The investment by MEXC Ventures in Triv, a leading Indonesian cryptocurrency exchange, signifies a commitment to blockchain technology and crypto trading, as it values Triv at $200 million and aims to bolster its position in the market.
- MEXC Ventures, an initiative dedicated to innovation in the cryptocurrency sector, has announced strategic investments in crypto exchanges like Triv, seeking to enhance liquidity, introduce new products, and drive ecosystem growth.
- Triv, a prominent crypto exchange in Indonesia, is capitalizing on its regulatory compliance to expand its user base, coin offerings, and media presence, focusing on education-and-self-development and general-news segments.
- The evolving regulatory environment in Indonesia, with new crypto taxes and proactive regulations, is favoring regionally regulated platforms like Triv, positioning them for growth in the face of increasing crypto adoption and shifting user preferences.
