Robinhood is set to enter the Indonesian market through agreements to acquire brokerage PT Buana Capital Sekuritas and digital asset trader PT Pedagang Aset Kripto. The deals, announced on December 7, are subject to approval from the Indonesian Financial Services Authority and are expected to close in the first half of 2026.
The move positions Robinhood to expand its global footprint in a fast-growing trading market. The company plans to continue serving Buana Capital’s existing brokerage clients while preparing to introduce its own suite of services, including access to US equities and digital assets. Patrick Chan, head of Asia at Robinhood, said Indonesia’s rise as a retail trading hub aligns with the firm’s broader strategy.
Indonesia has seen increasing interest from international crypto firms, supported by rising retail participation and expanding local infrastructure. The deal also keeps majority owner Pieter Tanuri involved as a strategic advisor once the acquisitions are completed.
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