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In focus
- Bybit enters Indonesia’s crypto exchange race
- Card issuance drives Nium’s growth ahead of planned IPO
- A look back at the turbulent 2025 of Indonesia’s crypto market
Hello reader,
Crypto influencers have taken off in Indonesia in the past few years. They share investment tips and recommendations, with some even launching trading classes.
One of the most well-known figures in the country is Timothy Ronald, who has more than 2 million followers on Instagram. Recently, he ran into trouble after being accused of fraud linked to a crypto academy he had founded.
The case is still under investigation, but regardless, crypto’s popularity in Indonesia continues to rise steadily, driven in large part by influencers.
Still, less than 7% of the population uses crypto. That’s a growth opportunity that has global crypto exchange Bybit licking its lips.
I interviewed Lawrence Samantha, CEO of Bybit Indonesia, about the company’s plan to launch in the country this quarter. He said Bybit faces intense competition, given the large number of crypto exchanges already operating in Indonesia, including Indodax and Binance-owned Tokocrypto.
Read the full story to see how Bybit hopes to stand out in a crowded market.
Also in this issue, my colleague Miguel dives into the 2024 financials of Nium. The Singapore-based fintech firm recorded a solid revenue bump, but its loss before tax remained roughly flat.
Even so, the company recorded its first EBITDA-positive month in July 2025. Miguel’s story goes into detail about how the unicorn achieved this and what its future may hold.
Jofie Yordan, journalist
Top Stories
1️⃣ Bybit enters Indonesia as competition heats up among exchanges
Bybit, one of the world’s largest cryptocurrency exchanges / Photo credit: Bybit’s Facebook
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