Robinhood eyes Indonesian market as local crypto adoption soars

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

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

Asked how it plans operations during the transition period, a Robinhood spokesperson said. Decrypt he 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 rapidly growing business market, making it an exciting location to continue Robinhood’s mission to democratize finance for everyone,” Patrick Chan, Robinhood’s head of Asia, said in the release.

Decrypt requested comments from 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 within his Commerce Ministry.

Robin Hood provided no further comment.

Indonesia’s digital assets and fintech sector has grown rapidly in recent years, supported by increasing mobile payments and investment activities.

The country’s digital economy is expected to reach around $99 billion in 2025, according to Google’s e-Conomy SEA 2025. reportdigital payments alone are expected to grow from $340 billion in 2023 to $538 billion in 2025.

Indonesia is also seeing widespread adoption of digital financial services.

The World Bank Global Findex 2025 The report notes that the number of financial account holders has increased worldwide as digital payments have become the most widely used formal financial service in low- and middle-income economies.

Account ownership in Indonesia increased from around 20% of adults in 2011 to around 60% in 2024, reflecting an expansion in access to formal financial services, the report said.

However, the World Bank also notes that Indonesia still accounts for a significant share of unaccounted adults, ranking, after China, among the largest contributors in East Asia and the Pacific.

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

In July, Indonesia introduces new rules which increased taxes on crypto transactions and placed digital assets under financial sector oversight. Offshore transactions are now taxed at 1%, while domestic transactions are subject to a 0.21% levy.

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

Indonesia remains one of the world’s leading markets in terms of crypto adoption, according to 2025 Global Crypto Adoption Index by Chainalysis. The Asia-Pacific region, for its part, world leader.