MEXC Ventures Backs Triv to Fuel SE Asia Crypto Growth
MEXC Ventures has acquired an undisclosed stake in Indonesia’s Triv Exchange, valuing the platform at $200 million. The investment marks a key step in MEXC Ventures’ Southeast Asia crypto expansion. Founded in 2015 and regulated by Indonesia’s OJK and BAPPEBTI, Triv Exchange serves over 3 million users and offers trading pairs like BTC, ETH and USDT, plus memecoins and US stock products. The funding will boost liquidity, expand product lines and upgrade infrastructure, enabling new financial services via CryptoWave Media. Recent regulatory changes—removal of VAT on crypto purchases and adjusted mining and trading fees—helped Indonesia’s crypto trading volume exceed IDR 650 trillion (~$40 billion) in 2023. Analysts say the deal is a bullish signal for the Indonesia crypto market, likely to draw more global firms and strengthen Southeast Asia’s position as a major crypto hub.
Bullish
The MEXC Ventures investment in Triv Exchange strengthens liquidity and product offerings in Indonesia’s growing crypto market, providing immediate trading opportunities for BTC, ETH and USDT pairs. In the short term, this move may drive higher volume as traders access new services and markets under improved infrastructure. Over the long term, regulatory support—such as VAT removal on crypto purchases—and bolstered platform capabilities position Triv for sustained growth, likely attracting global players and deepening market stability. Overall, this partnership is a bullish indicator that could enhance market confidence and trading activity in Southeast Asia.