Robinhood to enter Indonesia with brokerage, crypto trader acquisition
Dec 7 (Reuters) – Robinhood Markets will acquire Indonesian brokerage firm Buana Capital Sekuritas and licensed digital asset trader Pedagang Aset Kripto, marking the retail trading platform’s entry into one of Southeast Asia’s major crypto hubs, the company said in a blog post on Sunday.
Indonesia is among the world’s leading adopters of cryptocurrency, backed by supportive regulation and a tech-savvy young population, making it a prime target for U.S. firms seeking growth in Asia.
The country has more than 19 million capital market investors and 17 million cryptocurrency traders, underscoring its appeal for both stock and digital asset trading.
“Indonesia represents a fast-growing market for trading, making…
