MEXC Backs Indonesia’s Crypto Exchange Triv at $200M Valuation to Expand Southeast Asia Footprint
Main Idea
MEXC Ventures invests in Indonesia's crypto exchange Triv at a $200 million valuation to expand its presence in Southeast Asia, leveraging Triv's regulatory compliance and established user base.
Key Points
1. MEXC Ventures invested in Triv at a $200M valuation to grow its Southeast Asia footprint.
2. Triv is one of Indonesia’s oldest licensed exchanges, operating under OJK and BAPPEBTI oversight.
3. The funding will boost Triv’s coin offerings, liquidity, and crypto media operations.
4. Indonesia’s crypto market is growing rapidly, with transactions exceeding $40 billion in 2023 and over 20 million users on licensed platforms.
5. Indonesia’s updated crypto tax rules impose a 0.21% tax on domestic exchange users and a 2.2% VAT on crypto miners, with VAT to be phased out by 2026.
Description
MEXC Ventures has taken a strategic bet on Indonesia’s growing crypto market, investing in crypto exchange Triv at a $200 million valuation. Key Takeaways: MEXC Ventures invested in Triv at a $200M valuation to grow its Southeast Asia footprint. Triv is one of Indonesia’s oldest licensed exchanges, operating under OJK and BAPPEBTI. The funding will boost Triv’s coin offerings, liquidity, and crypto media operations. The deal, confirmed on August 5 , marks part of MEXC’s broader plan to strengthe...
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