Robinhood Markets has announced plans to acquire Indonesian brokerage PT Buana Capital Sekuritas and licensed digital asset trader PT Pedagang Aset Kripto, signaling its entry into Southeast Asia’s largest and fastest-growing crypto market.
The acquisitions position Robinhood to serve more than 19 million capital market investors and 17 million crypto traders in Indonesia. These deals are subject to approval by Indonesia’s Financial Services Authority, with completion expected in the first half of 2026.
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Strategic Entry into a High-Growth Market
Robinhood, based in California, is targeting Indonesia for its young, tech-savvy population and favorable regulatory climate. Robinhood’s official announcement highlighted the country’s strong expansion potential. These acquisitions follow Robinhood’s recent establishment of a regional headquarters in Singapore and licensing of its Bitstamp crypto exchange there.
Indonesia’s evolving regulatory framework now supports digital asset trading. By the third quarter of 2025, the Financial Services Authority had licensed 28 entities involved in crypto trading, including one regulated crypto exchange and infrastructure providers. Regulatory clarity encourages international firms to seek compliant market entry.
By acquiring established local businesses, Robinhood benefits from streamlined regulatory compliance and faster market access. PT Buana Capital Sekuritas provides brokerage services, while PT Pedagang Aset Kripto provides access to crypto trading. Pieter Tanuri, the majority owner of both firms and noted for his work with Bali United football club, will stay involved as a strategic advisor.
Steve Quirk, Robinhood’s Chief Brokerage Officer, shared that the company is committed to expanding financial participation. He said on social media that they look forward to empowering more people in the financial system.
Integration and Service Expansion
Robinhood plans to maintain the current services for Buana Capital clients and will gradually roll out its broader product lineup. The initial rollout will include local Indonesian products, followed by access to US equities and cryptocurrencies, allowing the company to serve existing customers while introducing new offerings in stages.
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This move coincides with Robinhood’s global growth. The platform now serves about 27 million users and has seen its shares climb nearly 268 percent in 2025, underlining investor confidence in Robinhood’s expansion strategy.
Robinhood was added to the S&P 500 index this year, a milestone in its institutional profile. The company continues to face challenges, including a $45 million US fine for a 2021 data breach and ongoing discussions with UK regulators regarding potential market entry.
Pieter Tanuri, the majority owner of both Indonesian firms and best known for making Bali United the first listed football club in Southeast Asia, will remain as a strategic advisor to Robinhood following the acquisitions.
Financial terms of the Indonesian deals have not been disclosed. The acquisitions remain subject to regulatory review by the Financial Services Authority (OJK), which will determine if Robinhood meets Indonesia’s standards for financial and digital asset services.
Market Impact and Competitive Landscape
Indonesia has become a leading crypto hub in Southeast Asia, thanks to supportive regulations and high digital engagement. Its expanding market now draws international companies seeking growth in new regions. Robinhood’s arrival adds to the competitive landscape with both domestic and regional firms.
The dual-acquisition approach offers Robinhood advantages across traditional securities and digital assets. Holding licenses in both areas allows the company to provide a wide range of investment services.
Investors welcomed the news. Market reaction noted Robinhood shares rose 1.17 percent after the announcement, indicating optimism about the firm’s ability to gain market share in Indonesia’s promising environment.
The Indonesia move follows Robinhood’s announcement last year to establish a regional headquarters in Singapore, where it is still awaiting regulatory approval for its brokerage operations. The company has also been in discussions with UK regulators as part of its global push.
Source: https://beincrypto.com/robinhood-indonesia-crypto-brokerage-acquisition/
