MEXC Ventures Invests in Triv at $200M Valuation to Fuel Southeast Asia Expansion

MEXC Ventures, the investment arm of global cryptocurrency exchange MEXC, has made a strategic investment in Triv, one of Indonesia’s longest-operating cryptocurrency exchanges, at a $200 million valuation. The undisclosed sum injected into Triv marks a significant step in MEXC’s broader Southeast Asia expansion strategy and highlights the increasing institutional interest in the Indonesian crypto market [1].

Triv, which was founded in 2015, has built a user base of over 3 million registered individuals and holds licenses for spot trading, staking, and futures. The exchange operates under the supervision of Indonesia’s Financial Services Authority (OJK) and the Commodity Futures Trading Regulatory Agency (BAPPEBTI), emphasizing its commitment to regulatory compliance [1]. The investment is Triv’s first institutional funding round, according to public disclosures, and underscores its emergence as a key player in a competitive market that also includes Binance-backed Tokocrypto, Pantera-backed Pintu, and Indodax.

Leo Zhao, investment director at MEXC Ventures, stated that Indonesia is among the most dynamic and promising digital asset markets in Southeast Asia. He praised Triv for its strong reputation in compliance, security, and user trust [1]. Triv founder and CEO Gabriel Rey noted that the partnership will support the expansion of coin offerings, enhance liquidity, and strengthen the company’s media initiatives, including its crypto news platform, CryptoWave Media.

The investment coincides with recent regulatory changes in Indonesia, including new tax rules for cryptocurrency transactions that took effect on August 1. These rules impose higher tax rates on domestic and foreign exchange transactions, though they also remove value-added tax (VAT) on crypto purchases. Additionally, mining operations are now subject to a higher 2.2% VAT, with a special 0.1% income tax on mining set to be phased out by 2026 [1].

Despite the regulatory shifts, Indonesia remains a vibrant market for digital assets, with crypto trading legal as an investment but not as a means of payment. Last year, the total value of crypto transactions in Indonesia tripled to over 650 trillion rupiah ($40 billion), with local crypto exchanges collectively surpassing 20 million users — a figure that outpaces the total number of stock market investors in the country [1].

The strategic move by MEXC Ventures reflects a broader trend of global crypto firms seeking to establish a presence in Southeast Asia, a region with a young, tech-savvy population and growing interest in blockchain technology. By investing in Triv, MEXC is not only supporting the exchange’s growth but also positioning itself to capture a share of Indonesia’s rapidly expanding digital finance ecosystem [1].

This development highlights the increasing maturity and institutional recognition of the crypto market in Southeast Asia. As regulatory frameworks continue to evolve and consumer adoption accelerates, strategic investments like this one are expected to shape the competitive landscape in the coming years.

Source:

[1] MEXC Ventures Invests in Triv, Indonesia's Leading Crypto Exchange, at $200 Million Valuation to Accelerate Southeast Asia Expansion. (https://www.prnewswire.com/news-releases/mexc-ventures-invests-in-triv-indonesias-leading-crypto-exchange-at-200-million-valuation-to-accelerate-southeast-asia-expansion-302520573.html)