MEXC Ventures has made a strategic equity investment in Indonesia's crypto exchange Triv, valuing the company at $200 million. This move is a key part of MEXC’s strategy to expand in Southeast Asia, marking an increasing interest from institutions in Indonesia's evolving cryptocurrency market. The investment emphasizes MEXC's commitment to supporting licensed exchanges in emerging markets while enabling Triv to maintain operational independence and enhance its liquidity and product offerings. The partnership comes alongside Indonesia's recent regulatory updates, which have shifted how cryptocurrencies are taxed, indicating a more formal regulatory environment. Leo Zhao from MEXC noted that Triv's strong compliance and market presence made it an ideal partner in this region, which is seeing significant institutional adoption of cryptocurrencies.

Source 🔗