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Bitcoin
BTC$89,821-2.59%
Ethereum
ETH$3,174-5.42%
XRP
XRP$1.99-3.76%
BNB
BNB$867-3.15%
Solana
SOL$131-3.56%
TRON
TRX$0.281+1.30%
Dogecoin
DOGE$0.137-5.92%
Cardano
ADA$0.413-10.72%

Robinhood set to enter Indonesia, targeting 17M crypto traders

Updated: December 8, 2025

Mike Langley

Written by Mike Langley

Managing Editor

Alex Morgan

Edited by Alex Morgan

Head of Content, Investing & Taxes

Robinhood, the renowned platform for crypto and stock trading, is preparing to enter Indonesia's dynamic cryptocurrency market by acquiring two local fintech firms. The company announced on Sunday its plans to purchase Buana Capital, an Indonesian brokerage, and PT Pedagang Aset Kripto, a licensed digital financial asset trader in Indonesia. This move is designed to establish Robinhood's presence in one of Southeast Asia's rapidly expanding markets. Indonesia boasts over 19 million capital market investors and 17 million involved in cryptocurrency, positioning the country as an attractive target for equity and crypto trading ventures. By acquiring an existing brokerage, Robinhood can smoothly navigate regulatory requirements and benefit from an already established market presence. Additionally, securing a licensed digital asset platform will expedite its capability to provide crypto offerings. Patrick Chan, Robinhood's head of Asia, emphasized the potential of Indonesia as a growing market for trading, aligning with Robinhood’s broader mission to democratize financial access. The company intends to continue servicing Buana Capital's clients with local financial products and, over time, hopes to introduce Robinhood's brokerage and crypto trading services. This expansion aims to link Indonesian users to U.S. equities, cryptocurrencies, and more on a large scale. The specific financial terms of the acquisitions remain undisclosed, but the deals are projected to be finalized by the first half of 2026. Indonesia, according to Chainalysis, is ranked seventh globally for cryptocurrency adoption in 2025 and leads in Southeast Asia. This is supported by a surge in crypto transactions, which tripled in 2024 to exceed 650 trillion Indonesian rupiah ($39.7 billion), as reported by Reuters. Robinhood, headquartered in California, has been proactive in expanding internationally, having entered the European and British markets in 2024. Recently, it has also ventured into the prediction markets sector, acquiring a company linked to FTX in November. Prediction markets have swiftly become one of Robinhood's most rapidly growing revenue streams.