Robinhood expands into Indonesia’s crypto market
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,
