MEXC Ventures invests in Indonesian crypto exchange Triv, valuing it at $200 million

MEXC Ventures, the investment arm of crypto exchange MEXC, has invested an undisclosed amount in Indonesian crypto exchange Triv at a valuation of $200 million as part of its Southeast Asian expansion strategy. Founded in 2015, Triv claims to have over 3 million registered users and holds licenses for spot trading, staking, and futures trading. The platform states that it is "fully regulated" by Indonesia's Financial Services Authority (OJK) and the Commodity Futures Trading Regulatory Authority (BAPPEBTI). Triv has not previously disclosed any institutional funding, and it is unclear whether this MEXC investment marks its first external funding round.