MEXC Bets Big on Indonesia: 200M for Triv, 20M+ Users, and a Crypto Tax Boom

MEXC Ventures just bought itself a piece of Southeast Asia’s hottest crypto market. Welcome to Indonesia, where Triv is playing to win.

🔍 Quick Hits

• 💰 200M — Triv’s new post-investment valuation
• 👥 3M+ — Registered users on Triv
• 🪙 1,000+ — Crypto assets supported
• 🌏 20M+ — Crypto users in Indonesia
• 💸 40B — Indonesia’s 2024 crypto transaction volume
• 🧾 38M — Crypto tax revenue (+181% YoY)

🔥 Indonesia: The Underdog That Outran Its Own Stock Market

While the West debates ETFs and lawsuits, Southeast Asia is quietly onboarding millions. Indonesia — with over 20 million crypto users and a regulatory greenlight for investment — now sees more people in crypto than in equities.

And MEXC Ventures just planted its flag with a strategic investment in Triv, one of the country’s oldest and most compliant exchanges, now valued at 200 million.

“Indonesia is one of the most dynamic and promising digital asset markets in the region.” — Leo Zhao, Investment Director, MEXC Ventures

🛡️ Why Triv? Three Words: Licenses, Legacy, Liquidity

Founded in 2015, Triv isn’t just a trading app — it’s regulatory royalty.

✅ Fully licensed by OJK (Financial Services Authority) and BAPPEBTI (Commodity Futures Regulator) ✅ Offers spot, futures, staking, and even U.S. stock market access ✅ Hosts 1,000+ digital assets ✅ Doubles as a media brand with CryptoWave, its in-house news platform

“This partnership enables us to expand coin offerings, improve liquidity, and launch more innovative products.” — Gabriel Rey, CEO, Triv

💥 Crypto Tax Surge: Traders Didn’t Blink

On August 1, Indonesia dropped a new tax bomb:

• 📈 Local exchange tax: Raised from 0.1% → 0.21%
• 🌍 Offshore platforms tax: Hiked to 1%
• ⛏️ Crypto miners: Now face 2.2% VAT plus income tax by 2026

You’d expect volume to crash. But no — trading stayed strong. In fact, tax revenues jumped 181% YoY to 620B rupiah (38M) in 2024.

Conclusion? Users are locked in, and the market is maturing.

🥊 Who Else Is in the Ring?

Indonesia’s crypto market is a battlefield:

• 🟦 Tokocrypto — Binance-backed
• 🟪 Pintu — Backed by Pantera Capital
• 🟧 Indodax — Longtime heavyweight
• 🇭🇰 OSL Group — Just acquired Evergreen Crest in June

But Triv’s regulatory clarity and localized strategy set it apart. While others chase foreign expansion, Triv’s deepening roots — and building brand equity through media.

🧠 The Bigger Play: Southeast Asia + Builders

MEXC Ventures isn’t new to power moves:

• 🧊 Invested in Ethena Labs (USDe stablecoin)
• 📡 Early on TON, Aptos, and more
• 📍 Now, a real foothold in Indonesia via Triv

“We don’t just back ideas. We invest in initiatives with long-term potential — and Triv has proven it can thrive in all market conditions.” — Leo Zhao, MEXC Ventures

This isn’t a quick flip — it’s long-term empire building.

👀 What to Watch

Expect these dominoes to fall next:

• 🚀 New coin listings on Triv
• 🤝 MEXC product rollouts for Indonesian users
• 📰 CryptoWave Media expansion
• 🏛️ Institutional money eyeing regulated local exchanges

MEXC’s Triv bet is more than just capital — it’s a signal. Southeast Asia is next up, and Indonesia is its crown jewel.

TL;DR

• MEXC Ventures invested in Triv, valuing it at 200M
• Indonesia boasts 20M+ crypto users, 40B in annual volume
• New tax laws took effect August 1, but users stayed active
• Triv offers spot, futures, staking, stocks, and 1,000+ coins
• This deal could trigger a wave of institutional moves in the region