Robinhood Eyes Indonesia Market as Local Crypto Adoption Soars
Robinhood Markets Inc. has agreed to acquire two licensed Indonesian firms as it prepares to enter one of Asia’s fastest-growing retail markets.
The deals would involve acquisitions of PT Buana Capital Sekuritas, a brokerage, and PT Pedagang Aset Kripto, a licensed crypto trading platform, according to a statement released by the California-based company on Sunday evening.
Asked about how it is planning out operations during the transition period, a Robinhood spokesperson told Decrypt it had “no further integration plans to share,” and confirmed that the deals are expected to close in the first half of 2026.
Indonesia “represents a fast-growing market for trading, making it an exciting place to further Robinhood’s…
