Robinhood Acquires Indonesian Brokerage and Crypto Firm to Enter Southeast Asia's Largest Market

Robinhood Markets has announced plans to acquire Indonesian brokerage PT Buana Capital Sekuritas and licensed digital asset trader PT Pedagang Aset Kripto, marking its strategic entry into Southeast Asia's largest and fastest-growing crypto market. The acquisitions, subject to approval by Indonesia's Financial Services Authority (OJK), are expected to be completed in the first half of 2026.

The move positions Robinhood to serve a combined potential user base of over 19 million capital market investors and 17 million crypto traders in Indonesia. The company is targeting the country due to its young, tech-savvy population and evolving, supportive regulatory framework for digital assets. By the third quarter of 2025, the OJK had licensed 28 entities involved in crypto trading.

Steve Quirk, Robinhood's Chief Brokerage Officer, stated on social media, "Robinhood is coming to Indonesia. We're excited to work with the Buana Capital and PT Pedagang Aset Kripto teams to democratize finance for this fast-growing market." Pieter Tanuri, the majority owner of both Indonesian firms, will remain as a strategic advisor following the acquisitions.

Robinhood plans to maintain existing services for Buana Capital clients and gradually roll out its broader product lineup, starting with local Indonesian products followed by access to US equities and cryptocurrencies. This expansion coincides with Robinhood's strong performance in 2025, with its shares climbing nearly 268% and its addition to the S&P 500 index.

The company's entry adds to the competitive landscape in Indonesia, a leading crypto hub in Southeast Asia. Market reaction was positive, with Robinhood's shares rising 1.17% following the announcement. This move follows Robinhood's establishment of a regional headquarters in Singapore and ongoing discussions with UK regulators as part of its global push.