Robinhood set to enter Indonesia, targeting 17M crypto traders
Robinhood plans to enter Indonesia by acquiring two local fintech firms to target its large crypto trading market.Summary
Robinhood has announced agreements to acquire two Indonesian fintech companies: Buana Capital, a brokerage, and PT Pedagang Aset Kripto, a licensed digital financial asset trader. This move marks Robinhood's entry into Indonesia, which it views as a compelling market with over 19 million capital market investors and 17 million crypto investors.
The acquisitions are strategic, as buying an existing brokerage ensures regulatory compliance and established presence, while acquiring a licensed digital asset platform speeds up the offering of crypto products. Robinhood intends to continue serving Buana Capital customers with local financial products initially, with the long-term goal of connecting Indonesian customers to US equities, cryptocurrencies, and more.
The deal's financial terms were not disclosed, but it is expected to close in the first half of 2026. Indonesia is recognized as a major crypto market, ranking seventh globally for adoption in 2025, with crypto transaction values tripling in 2024.
(Source：Cointelegraph)