Robinhood (HOOD) Stock: Company Acquires Two Indonesian Financial Firms

TLDR

• Robinhood is acquiring two Indonesian financial firms: PT Buana Capital Sekuritas (brokerage) and PT Pedagang Aset Kripto (crypto trader)
• Indonesia has 19 million capital market investors and 17 million crypto investors, ranking seventh globally for crypto adoption
• Both deals need approval from Indonesian Financial Services Authority with expected closure in first half of 2026
• Crypto transaction value in Indonesia tripled to $39.7 billion in 2024
• Financial terms were not disclosed, and Pieter Tanuri will remain as strategic advisor after the deals close

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Robinhood signed agreements on Sunday to acquire two Indonesian financial companies. The trading platform will buy PT Buana Capital Sekuritas and PT Pedagang Aset Kripto.

The deals represent Robinhood’s first move into Southeast Asia’s largest economy. The company did not reveal how much it will pay for either acquisition.

Both transactions need approval from the Indonesian Financial Services Authority. Robinhood expects the deals to close in the first half of 2026.

Robinhood Markets, Inc., HOOD

Indonesia offers strong numbers for trading platforms. The country has more than 19 million capital market investors and 17 million crypto investors.

PT Buana Capital Sekuritas holds an Indonesian brokerage license. PT Pedagang Aset Kripto operates as a licensed digital financial asset trader.

The approach of buying licensed companies helps Robinhood skip some regulatory hurdles. It also gives the company immediate access to existing customer bases.

Pieter Tanuri owns the majority stake in both companies. He will stay on as a strategic advisor to Robinhood after the transactions complete.

Serving Existing Customers

Robinhood plans to keep serving Buana Capital’s current customers. The company will offer Indonesian financial products to these clients.

The platform eventually wants to bring its main products to Indonesian users. This includes access to U.S. stocks and cryptocurrency trading.

Patrick Chan, head of Asia at Robinhood, called Indonesia a fast-growing market for trading. The numbers back up that assessment.

Crypto Growth Numbers

Indonesia ranks seventh globally for crypto adoption in the 2025 Chainalysis index. The country leads all of Southeast Asia in cryptocurrency adoption.

Total crypto transaction value in Indonesia hit 650 trillion rupiah in 2024. That converts to about $39.7 billion based on Reuters data.

The figure represents a threefold jump from the previous year. Indonesian investors are clearly showing more interest in digital assets.

Robinhood’s stock closed at $131.95 on Friday on the Nasdaq. The shares dropped 3.7% that day but have climbed 79.8% over the past six months.

Hong Kong-based OSL bought a 90% stake in Evergreen Crest for $15 million in June. Evergreen Crest runs an Indonesian crypto exchange.

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