Catenaa, Sunday, August 10, 2025-MEXC Ventures, the investment arm of crypto exchange MEXC, has invested in Triv, one of Indonesia’s oldest digital asset platforms, at a $200 million valuation.
The move underscores MEXC’s push into Southeast Asia, which it sees as a critical growth market for crypto adoption.
Founded in 2015, Triv claims over 3 million users and holds licenses for spot trading, staking, and futures. It operates under the supervision of Indonesia’s Financial Services Authority and commodity regulator BAPPEBTI.
The platform faces competition from Binance-owned Tokocrypto, Pintu, and Indodax, and the market recently saw OSL Group enter through a $15 million local acquisition.
Triv has not previously disclosed outside funding, and MEXC declined to reveal the size of the investment. The partnership will expand Triv’s coin offerings, improve liquidity, and support its CryptoWave Media arm, according to CEO Gabriel Rey.
The deal comes amid sweeping changes to Indonesia’s crypto tax rules, effective August 1.
Transaction taxes for domestic exchange sellers doubled to 0.21%, while foreign exchange transactions now face a 1% tax. VAT on crypto purchases has been scrapped, but mining now incurs a 2.2% VAT, with special income tax exemptions set to phase out by 2026.
Indonesia’s crypto market is booming, with transaction volumes tripling to $40 billion last year and exchange users surpassing 20 million, outnumbering the nation’s stock investors.
