Robinhood Expands into Indonesia via Crypto and Brokerage Acquisitions
Robinhood Markets Inc. makes strategic moves into Southeast Asia's burgeoning digital economy with the acquisition of PT Buana Capital Sekuritas and PT Pedagang Aset Kripto. The deals position the trading platform to capitalize on Indonesia's projected $99 billion digital economy by 2025.
The acquisitions signal Robinhood's first major foray into Asia's retail trading sector, targeting a market where crypto adoption has surged alongside progressive regulations. 'Indonesia represents a pivotal growth corridor,' stated Patrick Chan, Robinhood's Asia lead, emphasizing the company's mission to democratize finance.
Transaction completion is slated for H1 2026, with integration details remaining undisclosed. The MOVE comes as Indonesia's digital payment usage hits record highs, creating fertile ground for crypto-native platforms.