Robinhood Acquires Indonesian Brokerage and Crypto Trading Firm

TLDR

• Robinhood is acquiring Indonesian brokerage PT Buana Capital Sekuritas and digital asset trader PT Pedagang Aset Kripto
• Indonesia has 19 million capital market investors and 17 million crypto investors
• The deals require approval from Indonesian Financial Services Authority and are expected to close in first half of 2026
• Indonesia ranks seventh globally for crypto adoption in 2025 according to Chainalysis
• Crypto transaction value in Indonesia tripled to $39.7 billion in 2024

Robinhood announced on Sunday it has entered into agreements to acquire two Indonesian financial companies. The U.S. trading platform will buy PT Buana Capital Sekuritas and PT Pedagang Aset Kripto.

The deals mark Robinhood’s entry into Southeast Asia’s largest economy. Both acquisitions remain subject to approval from the Indonesian Financial Services Authority.

Robinhood expects both transactions to close in the first half of 2026. The company did not disclose the financial terms of either deal.

Indonesia’s market presents strong growth potential for trading platforms. The country has more than 19 million capital market investors.

The nation also has 17 million crypto investors. This makes it an attractive market for both equities and cryptocurrency trading.

Acquiring Established Platforms

PT Buana Capital Sekuritas is a licensed Indonesian brokerage firm. PT Pedagang Aset Kripto operates as a licensed digital financial asset trader.

Buying existing licensed companies helps Robinhood navigate regulatory requirements. The acquisitions provide immediate market access and established customer bases.

Pieter Tanuri currently owns the majority stake in both companies. He will continue as a strategic advisor to Robinhood after the deals close.

Robinhood plans to continue serving Buana Capital’s existing customers. The company will offer Indonesian financial products to these clients.

Over time, Robinhood aims to introduce its signature products to the Indonesian market. This includes access to U.S. equities and cryptocurrencies.

Indonesia’s Crypto Market Growth

Indonesia ranks seventh globally for crypto adoption in the 2025 Chainalysis index. The country leads Southeast Asia in cryptocurrency adoption.

The total transaction value of crypto assets in Indonesia reached 650 trillion rupiah in 2024. This equals approximately $39.7 billion, according to Reuters.

This represents a threefold increase from the previous year. The growth demonstrates rising interest in digital assets among Indonesian investors.

Patrick Chan serves as head of Asia at Robinhood. He said Indonesia represents a fast-growing market for trading.

Robinhood’s stock closed at $131.95 on Friday on the Nasdaq. The shares fell 3.7% that day but have risen 79.8% over the past six months.

Hong Kong-based OSL announced a $15 million deal in June to acquire a 90% stake in Evergreen Crest. That company operates an Indonesian crypto exchange.

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