MEXC Ventures Invests in Indonesian Crypto Exchange Triv at $200 Million Valuation
August 5, 2025 – By Yogita Khatri
MEXC Ventures, the investment arm of global crypto exchange MEXC, has announced a strategic investment in Triv, one of Indonesia’s oldest cryptocurrency exchanges. The deal values Triv at $200 million, marking a significant milestone in MEXC Ventures’ aggressive expansion into Southeast Asia, a region it considers poised for substantial growth in digital asset adoption.
Triv: A Key Player in Indonesia’s Crypto Market
Founded in 2015, Triv has steadily built a solid presence in Indonesia, boasting over 3 million registered users. The platform holds licenses enabling it to offer spot trading, staking, and futures products, operating under the regulatory supervision of Indonesia’s Financial Services Authority (OJK) and the Commodity Futures Trading Regulatory Agency (BAPPEBTI). This regulatory compliance sets Triv apart in a competitive market landscape.
Triv competes alongside licensed players like Binance-owned Tokocrypto, Pantera-backed Pintu, and Indodax. Recently, the market witnessed further activity when Hong Kong-based OSL Group acquired local exchange operator Evergreen Crest Holdings for $15 million, highlighting the region’s attractiveness to international crypto firms.
Details of the Investment
While the exact funding amount remains undisclosed, this investment may represent Triv’s first external institutional capital injection, as the exchange had not previously disclosed any outside funding. MEXC Ventures has declined to comment further on the transaction value or Triv’s funding history.
Leo Zhao, Investment Director at MEXC Ventures, commented, “Indonesia is one of the most dynamic and promising digital asset markets in the Southeast Asia region. Triv has earned a strong reputation for compliance, security, and user trust.” Zhao emphasized the strategic importance of this deal in MEXC’s broader regional expansion plan.
Triv’s founder and CEO Gabriel Rey expressed optimism about the partnership, highlighting that the investment will facilitate an expansion of the platform’s coin offerings, enhance liquidity, and strengthen its CryptoWave Media arm—a local crypto-focused media outlet owned by Triv.
Crypto Market Context in Indonesia
This investment comes shortly after Indonesia implemented new cryptocurrency tax regulations effective August 1, 2025. The updated tax framework doubles the transaction tax on crypto sellers using domestic exchanges from 0.1% to 0.21%. Sellers using foreign crypto exchanges face an even steeper increase, with taxes rising from 0.2% to 1%. Additionally, while the value-added tax (VAT) on crypto purchases has been removed, mining operations are now subject to a higher 2.2% VAT. A special 0.1% income tax on mining income is set to phase out by 2026, with mining profits then subject to standard personal or corporate tax rates.
Cryptocurrencies remain legal investment assets in Indonesia, although they cannot be used as a means of payment. The sector is growing quickly; last year, total crypto transaction volumes in Indonesia tripled to over 650 trillion rupiah (approximately $40 billion). Moreover, the number of users on domestic crypto exchanges exceeded 20 million, surpassing the number of investors in Indonesia’s traditional stock market.
Looking Ahead
MEXC Ventures’ investment into Triv underscores the growing institutional interest in Indonesia’s crypto ecosystem, demonstrating confidence in the country’s regulatory environment and market potential. As regulatory frameworks evolve and market participation expands, partnerships like this could accelerate the maturation and mainstream adoption of digital assets in Southeast Asia.
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About the Author:
Yogita Khatri is a senior reporter at The Block, specializing in crypto venture capital, funding, and M&A news. She is the author of The Funding newsletter, offering bi-monthly insights into the crypto investment landscape.
Contact: [email protected] | Twitter: @Yogita_Khatri5