BTSE Group has launched BTSE Indonesia, a regulated digital asset exchange formed through a joint venture with PT Aset Kripto Internasional, the company announced on July 3.
The exchange is a rebrand of NVX, an Indonesian trading platform that PT Aset Kripto Internasional launched in 2023 under a license from Bappebti, the commodities regulator that oversaw crypto trading in the country at the time. BTSE Indonesia now operates under the Indonesia Financial Services Authority, or OJK, which took over supervision of digital financial assets, including crypto, from Bappebti in January 2025 as part of a broader reclassification of crypto assets under the country's financial sector law.
Under the joint venture, BTSE Group supplies the trading infrastructure, liquidity, and backend technology, while the local team handles user acquisition, marketing, and partnerships. BTSE Indonesia holds a license as a Digital Financial Assets and Crypto Assets Trading Operator, or PAKD, which permits it to offer Indonesian rupiah deposits, withdrawals, and conversions, along with IDR-denominated trading pairs. The company said the license also opens the door to futures trading and other products, subject to Indonesian regulatory approval.
Jeff Mei, chief operating officer of BTSE Group, said Indonesia has the population, demand, and now the regulatory framework to become one of Asia's major crypto hubs, and that the joint venture combines BTSE's infrastructure with local expertise to capture that opportunity. Stephanie Kusnadi, chief strategy officer of BTSE Indonesia, said the venture is intended to bring global exchange standards to local users while meeting Indonesian compliance requirements.
The launch comes as Indonesia's crypto market continues to grow under closer regulatory scrutiny. OJK reported roughly 14 million crypto asset consumers in the country as of April 2025, and digital financial asset operators face a July 2025 deadline to meet OJK's governance, data protection, and consumer protection requirements under its 2024 trading regulation.
BTSE Indonesia offers more than 200 digital assets, with IDR and USDT trading pairs, according to the company. Users can register through the platform's website. The listing of additional products, including futures, will depend on further sign-off from Indonesian regulators as BTSE Group works to establish a foothold in one of Southeast Asia's largest crypto markets.
