Robinhood Enters Indonesia With Dual Brokerage and Crypto Acquisitions to Accelerate Regional Expansion

JAKARTA, Investortrust.id — Robinhood Market Inc enters Indonesia market by agreeing to acquire PT Buana Capital, a local brokerage, and a licensed digital asset dealer on Monday, Dec 8, 2025, to accelerate its Southeast Asia expansion, a move expected to widen access to global investments for Indonesian retail investors.

The company will use the acquisitions as its formal regulatory gateway into Indonesia and position the country as a core growth market in Asia.

Buana Capital was formally introduced as the brokerage acquisition target, while PT Pedagang Aset Kripto or Coinvest was identified as the licensed crypto dealer.

Both transactions were still subject to customary closing conditions and approvals from the Financial Services Authority OJK and other regulators. Robinhood targeted completion in the first half of 2026.

Buana Capital President Director Benny Hardiman Setiabrata said the arrival of Robinhood, known for pioneering commission free investing, marked a major shift that could strengthen the domestic capital market ecosystem.

“Through this new synergy, Indonesians will find it easier to access global investments in a more affordable and efficient way. This acquisition also opens a major opportunity to advance financial literacy and financial inclusion in the country,” Benny said in Jakarta.

He added that Robinhood’s experience bringing more than 26 million Americans into retail investing would help introduce innovation and open wider access for Indonesian investors to participate in global equity and crypto markets.

Robinhood planned to continue serving existing Buana Capital brokerage clients with current Indonesian financial products while preparing, subject to regulatory approval, to introduce direct trading services including access to US equities, global crypto assets, and broader international instruments.

Coinvest was acquired as Robinhood’s entry point to Indonesia’s regulated crypto sector, where the company saw strong fundamentals supported by a young tech savvy population. Indonesia remained one of the world’s leading crypto adoption markets, supported by clear regulation and rapid user growth.

Data from the Financial Services Authority showed crypto transaction value reached Rp 409.56 trillion, equal to $25 billion, in October with 19.08 million consumers, reflecting a steady rise in market participation.

“Indonesia represents a fast growing trading market and offers a compelling place to advance Robinhood’s mission to democratize finance for all,” Robinhood Head of Asia Patrick Chan said in an interview with CNBC International.

He said acquiring a brokerage helped the company meet regulatory requirements for market entry, while acquiring a licensed digital asset dealer accelerated routes to crypto products.

Robinhood did not disclose financial terms of the deals, which were expected to close in the first half of 2026. Pieter Tanuri, the majority owner of both Indonesian firms, would remain as Robinhood’s strategic adviser after completion.

The commission free trading model introduced by Robinhood had earlier reshaped US retail investing by attracting a new generation of investors and transforming how Americans interacted with equity markets.

The agreement also arrived as the company gained broader recognition this year after joining the S&P 500 benchmark index. Robinhood announced an expansion into prediction markets in March and reported that its New York listed shares, which went public in 2021, had risen almost 268 percent this year through the Dec 4 close.