Robinhood Set To Enter Indonesia, Targeting 17m Crypto Traders

Robinhood acquired an Indonesian brokerage and digital asset trading firm to access a market with 17 million crypto investors.

Crypto and stock trading platform Robinhood is set to tap into Indonesia’s burgeoning cryptocurrency trading market after an agreement to acquire two local fintech companies.

In an announcement on Sunday, Robinhood said it has entered into agreements to acquire Buana Capital, an Indonesian brokerage, and PT Pedagang Aset Kripto, a licensed Indonesian digital financial asset trader, “marking our entry into one of Southeast Asia’s fastest-growing markets.”

It said that Indonesia has more than 19 million capital market investors and 17 million crypto investors, making it a “compelling market for equities and crypto trading.”

Acquiring an existing brokerage eases the company’s entry into the new market by providing regulatory compliance and an established presence, while buying a licensed digital asset platform accelerates its access to offering crypto products.

“Indonesia represents a fast-growing market for trading, making it an exciting place to further Robinhood’s mission to democratize finance for all,” said Patrick Chan, head of Asia at Robinhood.

Robinhood will continue to serve Buana Capital customers with Indonesian financial products, it stated.

“Over time, we hope to also offer Robinhood brokerage and crypto trading products and connect Indonesian customers to US equities, cryptocurrencies, and more at scale,” it added.

Robinhood did not disclose the financial terms of the deal, which is expected to close in the first half of 2026.

Related: Indonesia’s digital rupiah CBDC to get ‘stablecoin’ companion backed by government bonds

Source: CoinTelegraph