MEXC Invests in Triv as Part of Southeast Asia Expansion Strategy

MEXC Ventures, the investment arm of global cryptocurrency platform MEXC, has made a strategic equity investment in Triv, a licensed Indonesian crypto exchange, at a $200 million valuation. The investment, structured entirely as equity without tokens or convertible instruments, underscores MEXC’s long-term strategy of expanding into regulated markets in Southeast Asia [1]. The deal will allow Triv to enhance its product offerings, liquidity, and infrastructure while retaining full operational independence [1].

Leo Zhao, investment director at MEXC Ventures, highlighted Triv’s strong compliance profile, user base, and infrastructure as key factors in the decision. He described the exchange as a “high-conviction candidate” and a “natural fit for a long-term strategic partnership.” The investment aligns with MEXC’s broader goal of supporting local exchanges that meet regulatory standards in high-growth markets [1].

Founded in 2015, Triv is one of Indonesia’s most established crypto platforms. It offers spot trading, staking, and derivatives services to a user base exceeding 3 million registered individuals. The exchange also operates a crypto media division, CryptoWave, and supports more than 1,000 digital assets, including major cryptocurrencies and synthetic U.S. stock products [1].

The investment comes at a pivotal time for Indonesia’s crypto market. The country has introduced a new tax framework that increases the income tax on digital asset sales to 0.21% for domestic exchanges and 1% for overseas platforms. The shift in classification of crypto as a financial asset rather than a commodity reflects a move toward more structured regulatory oversight. The responsibility for crypto regulation is also transitioning from BAPPEBTI to the Financial Services Authority (OJK), signaling a more formal institutional phase in the industry [1].

Zhao emphasized that the timing of the investment aligns with MEXC’s ambition to grow in regulated markets with strong growth potential. The deal is part of a broader strategy to back local champions that can scale sustainably while maintaining their identity and compliance standards [1].

Triv expects the partnership to enhance services for its users, including greater reliability and expanded offerings, while preserving the independence and trust that have defined its operations over the past nine years [1]. MEXC Ventures has not disclosed the exact investment amount due to confidentiality agreements with Triv [1].

This move reinforces MEXC’s presence in emerging markets and highlights the growing importance of Southeast Asia in the global crypto landscape. With regulatory clarity improving, institutional participation increasing, and user adoption rising, the region offers a fertile ground for long-term strategic investments [1].

Source: [1] MEXC Pushes into Southeast Asia With Deal Valuing Indonesian Exchange at $200 Million (https://decrypt.co/333590/mexc-indonesian-exchange-200-million-valuation)