Robinhood to enter Indonesia by acquiring local crypto trading firm

Robinhood is acquiring a brokerage firm and a cryptocurrency trading company in Indonesia, marking the U.S. trading platform's foray into Southeast Asia's largest economy.

In a Sunday blog post, Robinhood announced that it has entered into agreements to acquire Indonesian brokerage PT Buana Capital Sekuritas and digital asset trader PT Pedagang Aset Kripto.

The deals are subject to customary closing conditions, including approval from the Indonesian Financial Services Authority. Robinhood expects both deals to close in the first half of 2026.

Robinhood plans to continue serving Buana Capital's existing brokerage customers with local financial products. The company said it hopes to introduce Robinhood's signature brokerage and crypto trading services in Indonesia, including access to U.S. equities and digital assets.

"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. "We look forward to bringing Indonesians the same innovative services that have earned the trust of Robinhood customers globally."

Pieter Tanuri, the majority owner of both Buana Capital and PT Pedagang Aset Kripto, is expected to remain involved as a strategic advisor to Robinhood following the acquisitions.

Robinhood's stock closed down 3.7% at $131.95 on the Nasdaq on Friday, according to The Block's price page. The shares have risen 79.8% over the past six months.

Indonesia's growing market appeal is drawing interest from overseas exchanges. Hong Kong's OSL, for example, announced in June a $15 million acquisition deal for a 90% stake in Evergreen Crest, which runs an Indonesian crypto exchange.