Robinhood Sets Indonesia Footprint Through Crypto Trader, Brokerage Firms Acquisition
Robinhood Markets has introduced two key acquisitions, marking its official entry into the Indonesian market. The American monetary providers agency has entered into agreements to accumulate Indonesian brokerage Buana Capital and OKJ-licensed crypto dealer PT Pedagang Aset Kripto.
Announced Monday, the transfer expands Robinhood’s presence in one of many main crypto markets within the Southeast Asian area.
“Indonesia represents a fast-growing marketplace for buying and selling, making it an thrilling place to additional Robinhood’s mission to democratize finance for all,” mentioned Patrick Chan, Head of Asia at Robinhood.
Besides, Pieter Tanuri, the bulk proprietor at each Buana Capital and PT Pedagang Aset Kripto, will function the strategic advisor to Robinhood.
However, the corporate didn’t disclose the deal worth, which is predicted to shut in H1 2026, Reuters reported.
Robinhood’s Entry Underscores Indonesia’s Growing Retail Investors
Indonesia is residence to about 17 million crypto merchants and has greater than 19 million capital market buyers, per a recent report.
Besides, Chainalysis ranks Indonesia as a high international crypto market, putting it seventh on the earth and 1st in Southeast Asia for crypto adoption in its 2025 index.
Further, the World Bank’s report on Global Findex 2025 famous that monetary account possession in Indonesia has elevated from about 20% of adults in 2011 to roughly 60% by 2024.
With the enlargement, Robinhood goals to carry its crypto buying and selling providers to Indonesia.
“We stay up for bringing Indonesians the identical modern providers which have earned the belief of Robinhood clients globally,” Patrick Chan added.
The nation not too long ago tightened its grip on crypto buying and selling with a tax overhaul, hitting offshore platforms with a fivefold price improve.
Additionally, crypto mining operations noticed VAT charges double from 1.1% to 2.2%, together with a rise in taxes on home crypto gross sales and abroad alternate transactions individually.
The Indonesian authorities can be exploring Bitcoin as a reserve asset to profit the nation’s long-term monetary stability.
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