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2d ago

Robinhood to Enter Indonesia With Purchases of Licensed Broker and Crypto Firm

The acquisitions, pending OJK approval, give the company a fast path to operate under local licenses.

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The logo of Robinhood Markets, Inc. is seen at a pop-up event on Wall Street after the company's IPO in New York City, U.S., July 29, 2021. REUTERS/Andrew Kelly
Robinhood makes push into indonesia two planned acquisitions
Robinhood enters indonesia with dual acquisition in trading push

Overview

  • Robinhood signed agreements to buy PT Buana Capital Sekuritas and PT Pedagang Aset Kripto to launch services in Indonesia.
  • Closings are targeted for the first half of 2026, subject to approval by Indonesia’s Financial Services Authority (OJK), with no deal terms disclosed.
  • Pieter Tanuri, the majority owner of both targets, will remain involved as a strategic adviser once the transactions complete.
  • Robinhood plans to keep serving Buana Capital’s existing clients and over time introduce access to U.S. equities plus crypto through its global platform.
  • The expansion targets a market with roughly 19 million capital‑market investors and about 17 million crypto traders, set against 2025 rule changes that raised crypto taxes and shifted oversight to financial regulators.