Robinhood Eyes Indonesia Market as Local Crypto Adoption Soars

Robinhood Markets Inc. has agreed to acquire two licensed Indonesian firms as it prepares to enter one of Asia’s fastest-growing retail markets.

The deals would involve acquisitions of PT Buana Capital Sekuritas, a brokerage, and PT Pedagang Aset Kripto, a licensed crypto trading platform, according to a statement released by the California-based company on Sunday evening.

Asked about how it is planning out operations during the transition period, a Robinhood spokesperson told Decrypt it had “no further integration plans to share,” and confirmed that the deals are expected to close in the first half of 2026.

Indonesia “represents a fast-growing market for trading, making it an exciting place to further Robinhood’s mission to democratize finance for all,” Patrick Chan, head of Asia at Robinhood, said in the statement.

Decrypt has reached out for comment to Bursa Efek Indonesia, the country’s stock exchange; Otoritas Jasa Keuangan, its financial regulator overseeing capital markets and digital assets; and Bappebti, the former crypto trading supervisor under its Ministry of Trade.

Robinhood did not provide any further comment.

Indonesia’s digital assets and financial technology sector has rapidly expanded over the past few years, supported by rising mobile payments and investment activity.

The country’s digital economy is projected to reach about $99 billion in 2025, according to Google’s e-Conomy SEA 2025 report, with digital payments alone expected to climb from $340 billion in 2023 to $538 billion in 2025.

Indonesia also shows a broad uptake of digital financial services.

The World Bank’s Global Findex 2025 report notes that financial account ownership has increased worldwide, with digital payments becoming the most widely used formal financial service in low and middle-income economies.

Account ownership in Indonesia rose from about 20% of adults in 2011 to roughly 60% by 2024, reflecting an expansion in access to formal financial services, per the report.

However, the World Bank also notes that Indonesia still accounts for a meaningful share among adults without accounts, appearing next to China among the larger contributors within East Asia and the Pacific.

Robinhood’s entry could narrow some of these gaps by expanding access to low-cost trading and investment tools, although the effect would depend on how quickly Indonesians could adopt its products and how regulators enforce a new licensing framework.

In July, Indonesia introduced new rules that raised taxes on crypto transactions and brought digital assets under financial sector oversight. Offshore trades are now taxed at 1%, while domestic trades face a 0.21% levy.

Regulators also removed value-added tax on crypto sales and reclassified digital assets as financial instruments supervised by Otoritas Jasa Keuangan.

Indonesia remains among the world’s top markets in terms of crypto adoption, according to the 2025 Global Crypto Adoption Index by Chainalysis. The Asia-Pacific region, meanwhile, leads globally.