MEXC Ventures, the investment arm of cryptocurrency exchange MEXC, has announced a strategic investment in Indonesian exchange Triv, known for its reputation and range of services.
Overview of Triv and Its Market Position
Triv, established in 2015, is one of the oldest and largest cryptocurrency platforms in Indonesia. With over 3 million registered users and offering over 1,000 crypto assets, Triv provides a reliable trading platform. The exchange is fully licensed and regulated by local authorities, emphasizing its compliance and user protection.
MEXC Ventures Investments
MEXC Ventures' investment in Triv reflects the company's strategy to support innovative projects in the blockchain space. With a valuation of $200 million, this collaboration will allow Triv to expand its coin offerings and improve liquidity. Leo Zhao, Investment Director of MEXC Ventures, stated, 'We are excited to back Triv in its next phase of growth.'
Prospects and Benefits for Triv
The partnership with MEXC Ventures creates opportunities for service expansion and user base growth. Gabriel Rey, CEO of Triv, emphasized the importance of this partnership in supporting innovative projects and maintaining Triv's position as a leading crypto media platform in Indonesia. This agreement also reflects the MEXC Ventures strategy for geographical diversification in rapidly growing markets.
MEXC Ventures' investment in Triv highlights efforts to develop the cryptocurrency market in Southeast Asia and represents a first step toward further integration and expansion of crypto services in the region.
