Robinhood is preparing to enter Indonesia through agreements to acquire two local financial companies, marking the U.S. trading platform's first major step into Southeast Asia’s largest economy.
In a blog post on Sunday, the company said it will acquire brokerage PT Buana Capital Sekuritas and crypto trading firm PT Pedagang Aset Kripto. The deals still need regulatory approval from Indonesia’s Financial Services Authority, and Robinhood expects the transactions to close in the first half of 2026.
Once completed, Robinhood plans to continue supporting Buana Capital’s existing brokerage clients with local products. The company also intends to bring its own lineup of services to Indonesian users, including access to U.S. equities and digital assets. The move aligns with Robinhood’s broader goal of making global markets easier to reach.
Patrick Chan, Robinhood’s head of Asia, called Indonesia a fast growing market for trading and said the expansion reflects the firm’s mission to open financial opportunities to more people. Pieter Tanuri, the majority owner of both acquired firms, will stay on as a strategic advisor after the transition.
Robinhood shares closed 3.7 percent lower at 131.95 dollars on Friday. The company’s push into Indonesia comes as global interest in the country’s digital asset sector grows. Hong Kong based OSL, for example, announced in June that it would acquire a 90 percent stake in Evergreen Crest, operator of a local crypto exchange, for 15 million dollars.
As Robinhood enters a competitive and expanding market, Indonesian investors may soon gain easier access to global financial products backed by a platform that has become a familiar name to retail traders worldwide.
