MEXC Ventures invests in Indonesian cryptocurrency exchange Triv, valued at $200 million

According to The Block, MEXC Ventures, the investment arm of cryptocurrency exchange MEXC, made an undisclosed investment in Indonesian cryptocurrency exchange Triv at a valuation of $200 million as part of its Southeast Asian expansion strategy. Triv was founded in 2015, claiming to have over 3 million registered users and holding licenses for spot trading, staking, and futures business. The platform stated that it is regulated by the Indonesian Financial Services Authority (OJK) and the Commodity Futures Trading Regulatory Authority (BAPPEBTI); Comprehensive supervision;. Triv has not previously disclosed any institutional financing situation, and it is currently unclear whether MEXC's transaction is its first external financing.