BTSE has officially expanded into Indonesia’s regulated crypto market with the launch of BTSE Indonesia, following the completion of its rebranding of local crypto exchange NVX.
The move was announced on July 3 as a joint venture between BTSE Group and PT Aset Kripto Internasional. The partnership combines BTSE’s trading technology and liquidity with a local team responsible for customer growth, partnerships, marketing, and business operations.
Indonesia, meet BTSE 🇮🇩
BTSE Indonesia enters the market as a regulated crypto exchange, combining BTSE’s global infrastructure with deep local knowledge.
More access, more trust, more growth. https://t.co/KXlpsr8m1B
— BTSE (@BTSE_Official) July 3, 2026
How will BTSE Indonesia operate?
BTSE Indonesia has received approval from Indonesia’s Financial Services Authority (OJK) to operate as a Digital Financial Assets and Crypto Assets Trading Operator (PAKD). The license allows the exchange to legally provide crypto trading services under Indonesia’s regulatory framework.
With the approval, BTSE Indonesia can work with local banks and payment providers to support Indonesian rupiah (IDR) deposits and withdrawals, currency conversion services, and IDR trading pairs. The company also said the license opens the door to future regulated products, including crypto futures, once permitted by local regulations.
Under the partnership, BTSE Group will supply the exchange’s trading engine, liquidity, and technology, while the Indonesian business will oversee local operations and market expansion.
ALSO READ: South Korea Moves to Bring Crypto Rules Into Regulatory Sandbox
BTSE bets on Indonesia’s growing crypto market
Jeff Mei, Chief Operating Officer of BTSE Group, said Indonesia has the key ingredients to become one of Asia’s leading crypto markets, adding that the partnership combines global trading infrastructure with local market expertise.
Stephanie Kusnadi, Chief Strategy Officer of BTSE Indonesia, said the partnership gives the company access to BTSE’s global exchange technology while allowing it to remain focused on Indonesian users and local regulatory requirements.
The company expects the combination of international infrastructure and local operations to build its position as competition among licensed crypto exchanges in the country intensifies.
Indonesia continues tightening crypto rules
In June, the OJK introduced Financial Services Authority Regulation No. 6 of 2026, requiring social media influencers who promote cryptocurrencies and other digital financial assets to obtain competency certification unless they already hold another approved license.
The regulation also limits promotions to digital assets listed on authorized exchanges and requires all campaigns to be conducted through licensed financial services firms, which remain responsible for promotional content. The new rules add further compliance requirements for crypto companies operating in Indonesia’s regulated market.
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