Robinhood Sets Indonesia Footprint Through Crypto Trader, Brokerage Firms Acquisition

Robinhood Markets has announced two key acquisitions, marking its official entry into the Indonesian market. The American financial services firm has entered into agreements to acquire Indonesian brokerage Buana Capital and OKJ-licensed crypto trader PT Pedagang Aset Kripto.

Announced Monday, the move expands Robinhood’s presence in one of the leading crypto markets in the Southeast Asian region.

“Indonesia represents a fast-growing market for trading, making it an exciting place to further Robinhood’s mission to democratize finance for all,” said Patrick Chan, Head of Asia at Robinhood.

Besides, Pieter Tanuri, the majority owner at both Buana Capital and PT Pedagang Aset Kripto, will serve as the strategic advisor to Robinhood.

However, the company did not disclose the deal price, which is expected to close in H1 2026, Reuters reported.

Robinhood is coming to Indonesia. We're excited to work with the Buana Capital and PT Pedagang Aset Kripto teams to democratize finance for this fast-growing market.

Indonesia already has more than 19 million capital market investors and 17 million crypto investors, and we look…

— Steve Quirk (@SteveQuirk_) December 8, 2025

Robinhood’s Entry Underscores Indonesia’s Growing Retail Investors

Indonesia is home to about 17 million crypto traders and has more than 19 million capital market investors, per a recent report.

Besides, Chainalysis ranks Indonesia as a top global crypto market, placing it 7th in the world and 1st in Southeast Asia for crypto adoption in its 2025 index.

Further, the World Bank’s report on Global Findex 2025 noted that financial account ownership in Indonesia has increased from about 20% of adults in 2011 to roughly 60% by 2024.

With the expansion, Robinhood aims to bring its crypto trading services to Indonesia.

“We look forward to bringing Indonesians the same innovative services that have earned the trust of Robinhood customers globally,” Patrick Chan added.

The nation recently tightened its grip on crypto trading with a tax overhaul, hitting offshore platforms with a fivefold rate increase.

Additionally, crypto mining operations saw VAT rates double from 1.1% to 2.2%, along with an increase in taxes on domestic crypto sales and overseas exchange transactions separately.

The Indonesian government is also exploring Bitcoin as a reserve asset to benefit the country’s long-term financial stability.