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MEXC Ventures and Investment in Triv: New Horizons for the Indonesian Crypto Market

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by Giorgi Kostiuk

15 hours ago

MEXC Ventures has announced a strategic investment in the Indonesian crypto exchange Triv, supporting their expansion in Southeast Asia.

MEXC Ventures Investment in Triv

MEXC Ventures has made a strategic investment in the Indonesian crypto exchange Triv. The deal values the company at $200 million, though financial details remain undisclosed.

Triv's Operational Features

Founded in 2015, Triv boasts over 3 million registered users. The platform is licensed for spot trading, staking, and futures, and operates under the supervision of Indonesia's financial regulators.

Situation of the Crypto Market in Indonesia

Crypto trading is legal in Indonesia, but tokens cannot be used for payments. In 2022, the transaction volume exceeded 650 trillion rupiah, comparable to around $40 billion.

MEXC Ventures' investment in Triv marks a significant step in strengthening its position in the Southeast Asian crypto market and could further advance Indonesia's crypto infrastructure.

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