Robinhood Markets is set to enter Indonesia by acquiring local brokerage Buana Capital Sekuritas and licensed crypto trader Pedagang Aset Kripto, the company said in a blog post on Sunday. The move marks the U.S. retail trading platform’s first push into one of Southeast Asia’s fastest-growing digital asset hubs.

Indonesia is among the world’s leading adopters of cryptocurrency, supported by a young, tech-savvy population and regulations that favor digital finance. The country now has over 19 million capital market investors and 17 million crypto traders, making it a major target for global platforms seeking expansion in Asia, News.Az reports, citing Reuters.

Patrick Chan,