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Robinhood Expands in Southeast Asia with Indonesian Acquisitions

Robinhood Expands in Southeast Asia with Indonesian Acquisitions

Author:

Global Cryptocurrency

Published:

2025-12-09 11:31:01

31

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BTCCSquare news:

Robinhood Markets gained 3.4% on Monday after announcing strategic acquisitions of PT Buana Capital Sekuritas and PT Pedagang Aset Kripto. The move targets Indonesia's 19 million traditional investors and 17 million crypto traders—a market comparable to established platforms' entire user bases.

Analyst sentiment remains bullish: Goldman Sachs raised its target to $152, Cantor Fitzgerald to $155, and Citizens JMP to $180. The rally occurred despite a 43% drop in trading volume, with 22.4 million shares changing hands versus the 39.4 million average.

CEO Vladimir Tenev's recent sale of 750,000 shares for $104.8 million adds to $525 million in insider sales over 90 days. The undisclosed deal terms suggest Robinhood is prioritizing market access over short-term financial transparency.

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