MEXC Ventures Invests in Triv at $200M Valuation to Expand in Southeast Asia

MEXC Ventures invests in Indonesia’s Triv at a $200M valuation, signaling growing interest in Southeast Asia’s booming and newly regulated crypto market.

Published by Ecem EFE

5 August 2025, 10:40 published Updated 5 August 2025, 10:40

Crypto Growth in Indonesia Draws MEXC Ventures to Back Triv Exchange

MEXC Ventures, the investment division of global crypto exchange MEXC, has made a strategic investment in Triv, one of Indonesia’s oldest crypto platforms, signaling a major push into Southeast Asia’s digital asset market.

Triv Gains Momentum in Southeast Asia

Founded in 2015, Triv currently boasts over 3 million registered users and operates with official licenses for spot trading, staking, and futures. The exchange is regulated by Indonesia’s Financial Services Authority (OJK) and BAPPEBTI, the country’s commodity futures watchdog, positioning it as a compliant and secure platform in the region.

Triv competes in a heated market with names like Tokocrypto (owned by Binance), Pintu (backed by Pantera Capital), and Indodax. Hong Kong-based OSL Group also entered Indonesia in June with a $15 million acquisition of local operator Evergreen Crest Holdings.

Funding Details Remain Under Wraps

While the exact size of MEXC’s investment remains undisclosed, the deal values Triv at $200 million. It’s also unclear whether this marks Triv’s first institutional funding round, as neither party provided further details to the media.

MEXC’s Investment Director Leo Zhao described Indonesia as a “dynamic and promising” digital asset hub. He praised Triv’s “strong reputation for compliance, security, and user trust.”

Triv Eyes Expansion Despite New Tax Rules

Triv CEO Gabriel Rey says the funding will help expand the exchange’s coin offerings, improve liquidity, and strengthen CryptoWave Media, its crypto-focused media arm. The move comes just days after Indonesia enforced stricter crypto tax regulations on August 1, including a hike in transaction taxes and new VAT rules for crypto mining.

Indonesia remains one of the fastest-growing crypto markets, with over 20 million users and $40 billion in annual transaction volume — even surpassing stock market investors in the country.