Robinhood’s making a big move into Southeast Asia. The company just announced it’s buying two Indonesian fintech firms to break into one of the region’s hottest crypto markets.
They’re acquiring Buana Capital, a local brokerage, and PT Pedagang Aset Kripto, which is a licensed digital asset trading platform. The deal gives them instant access to Indonesia’s massive market of over 19 million capital market investors and 17 million crypto traders.
Patrick Chan, Robinhood’s head of Asia, said Indonesia’s a fast-growing trading market that fits perfectly with their mission to democratize finance. Buying existing companies with licenses already in place makes the entry way smoother than starting from scratch.
For now they’ll keep serving Buana Capital’s customers with Indonesian financial products. But eventually they want to offer their full suite including US stocks, crypto trading, and more to Indonesian users at scale.
They didn’t say how much the deal costs, but it should close sometime in the first half of 2026. Chainalysis ranks Indonesia seventh globally for crypto adoption and number one in Southeast Asia. The total transaction value of crypto assets there tripled last year to over $39.7 billion.
Robinhood’s been expanding aggressively lately. They entered Europe and the UK in 2024 and recently got into prediction markets too.
Conclusion
Robinhood’s Indonesian expansion through strategic acquisitions positions the company to capture significant market share in Southeast Asia’s rapidly growing cryptocurrency trading sector while leveraging existing regulatory frameworks and customer bases.
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