Robinhood enters Indonesian market, acquires two licensed institutions to expand into crypto and securities businesses

Robinhood has officially set its sights on one of Southeast Asia’s fastest-growing retail investment markets—Indonesia. The company announced it has agreed to acquire two locally licensed entities, including securities broker PT Buana Capital Sekuritas and cryptocurrency trading platform PT Pedagang Aset Kripto, paving the way for its compliant entry into the Indonesian market. According to the plan, the transaction is expected to be completed in the first half of 2026. A Robinhood spokesperson told Decrypt that there are currently no further integration details to disclose.

Patrick Chan, Robinhood’s Head of Asia, stated in a press release that Indonesia is a rapidly expanding digital asset and trading market, and is a key region for the company’s mission to “democratize finance for all.” Indonesia’s regulatory framework involves the financial regulatory authority Otoritas Jasa Keuangan (OJK) overseeing capital markets and digital assets, while Bappebti, a body under the Ministry of Trade, previously handled crypto regulation. Robinhood has not yet provided further details on regulatory coordination.

Indonesia has seen significant growth in fintech and cryptocurrency adoption in recent years. Driven by the rise of mobile payments and investment demand, the digital economy in Indonesia is projected to reach $99 billion by 2025. According to Google’s “2025 Southeast Asia Digital Economy Report,” Indonesia’s digital payments volume will grow from $340 billion in 2023 to $538 billion. In terms of financial inclusion, the World Bank’s “2025 Global Financial Inclusion Index” reports that Indonesia’s adult account ownership rate has increased from 20% in 2011 to around 60% in 2024, though a significant portion of the population still lacks access to formal financial services.

As the regulatory framework continues to improve, Indonesia this year introduced new rules raising the tax rate on cryptocurrency transactions and reintegrating digital assets into the financial regulatory system. The domestic transaction tax rate is 0.21%, while the offshore rate is 1%. At the same time, the government has scrapped the value-added tax on crypto transactions, creating a clearer regulatory environment for compliant trading platforms.

Indonesia continues to rank among the world’s leading countries in the “2025 Global Crypto Adoption Index,” reflecting strong local demand for crypto assets. Robinhood’s entry is expected to further promote the adoption of low-cost trading and investment tools, though results will depend on user acceptance and the pace of regulatory implementation.

With crypto adoption in the region continuing to grow, this acquisition may mark an important step in Robinhood’s expansion in the Asia-Pacific market.