Robinhood Makes Bold Move Into Indonesia With Two New Acquisitions

Robinhood is preparing for a major push into Indonesia after agreeing to acquire two local fintech firms, marking its first step into one of the busiest crypto markets in Southeast Asia. The company announced on Sunday that it plans to buy Buana Capital, an Indonesian brokerage, along with PT Pedagang Aset Kripto, a licensed digital asset trader.

Indonesia has more than 19 million capital market investors and 17 million crypto investors, a scale that Robinhood described as a strong base for new trading products. The firm gains a direct path to regulatory clearance and an existing customer network by purchasing an established brokerage. Acquiring a licensed crypto platform gives Robinhood the ability to offer digital asset services once the deal is complete.

Patrick Chan, head of Asia at Robinhood, said Indonesia is a growing hub for trading activity and a promising market for the company’s vision of wider access to financial tools.

Growing Interest in Digital Assets Across Indonesia

Robinhood said it will continue serving Buana Capital clients with local financial products. Over time, the company aims to bring its full set of brokerage and crypto trading services to Indonesia, which would allow customers to trade US stocks, digital assets and other products at scale.

The firm did not share the purchase price for the acquisitions. Both deals are expected to close in the first half of 2026.

Industry research shows Indonesia has climbed rapidly in global crypto rankings. Chainalysis placed the country seventh worldwide in its 2025 adoption index and first in Southeast Asia. Trading activity has surged as well. 

Reuters reported that total crypto transaction value in the country tripled in 2024 compared to the previous year. The number reached more than 650 trillion Indonesian rupiah, which equals about $39.7 billion.

Part of a Wider Global Expansion Push

The acquisitions follow a year of steady international expansion for Robinhood. The California based firm entered European and British markets in 2024 and has been actively building its global footprint. It also moved into the prediction markets arena with the purchase of an FTX linked company in November. The firm said prediction markets have become one of its fastest rising product lines based on revenue.

If the Indonesia deal closes as planned, Robinhood will gain a gateway to one of the most active trading communities in Asia. This will position the platform for further growth as interest in stocks and crypto continues to rise throughout the region.