Robinhood is expanding into Indonesia by acquiring two local firms. The purchases of PT Buana Capital Sekuritas and PT Pedagang Aset Kripto represent the company's largest move in Southeast Asia.
Robinhood, the U.S.-based trading platform, has announced its entry into the Indonesian market through the acquisition of PT Buana Capital Sekuritas, a brokerage firm, and PT Pedagang Aset Kripto, a crypto trading entity. This strategic push marks Robinhood's most significant expansion in Southeast Asia to date.
The acquisitions aim to provide Robinhood with a foothold in Indonesia's growing financial and cryptocurrency sectors. PT Buana Capital Sekuritas offers brokerage services, while PT Pedagang Aset Kripto specializes in digital asset trading, aligning with Robinhood's core offerings.
No further details on the deal's financial terms or timeline were disclosed in the announcement. This move follows Robinhood's global expansion efforts amid increasing interest in accessible trading platforms in emerging markets.