Robinhood is making its first move into Southeast Asia’s largest crypto market. The U.S.-based trading platform announced agreements to acquire Buana Capital, an Indonesian brokerage, and PT Pedagang Aset Kripto, a licensed digital asset trader.
Together, the deals give Robinhood access to 17 million crypto investors in a market ranked first in Southeast Asia for adoption.
Acquiring existing local firms provides Robinhood with regulatory compliance and an established market presence, while also accelerating its ability to offer cryptocurrency products. Patrick Chan, Robinhood’s head of Asia, called Indonesia an exciting opportunity to further the company’s mission to democratize finance.
The platform plans to continue serving Buana Capital’s customers with Indonesian financial products while gradually rolling out its signature brokerage and crypto trading services. Over time, Robinhood aims to connect Indonesian users to U.S. equities, cryptocurrencies, and other investment products at scale.
Financial terms were not disclosed, and the deal is expected to close in the first half of 2026 pending standard regulatory approvals.
Indonesia is a hotspot for crypto activity. Chainalysis ranks the country seventh globally in its 2025 Crypto Adoption Index and first in Southeast Asia. Total crypto transaction volume in 2024 tripled from the previous year, surpassing 650 trillion Indonesian rupiah, or $39.7 billion, according to Reuters.
Robinhood has been expanding aggressively in recent years. After entering European and British markets in 2024, the platform also moved into prediction markets through an acquisition linked to FTX last November.
The company noted that prediction markets have become one of its fastest-growing product lines by revenue.
The Indonesian acquisition marks another step in Robinhood’s strategy to target high-growth digital asset markets across Asia, bringing its mix of brokerage and crypto services to a rapidly expanding investor base.
