Robinhood Markets acquires Indonesian brokerage firm and digital asset trader to enter Southeast Asia’s crypto hub. Indonesia is a top adopter of cryptocurrency, with 19 million capital market investors and 17 million cryptocurrency traders. Deal expected to close in first half of 2026. Pieter Tanuri to stay on as strategic adviser.

Acquiring brokerage and licensed digital asset trader helps Robinhood meet regulatory requirements and access new markets. Company did not disclose financial terms of the deal. Robinhood’s app-based platform disrupted U.S. retail trading, gaining broader market recognition after joining S&P 500 index and entering prediction markets in March.

Robinhood’s shares have gained nearly 268% in 2025, reflecting its success since going public in New York in 2021. The company’s mission to democratize finance for all drives its expansion into Indonesia, a fast-growing market for trading. Head of Asia at Robinhood, Patrick Chan, emphasizes Indonesia’s appeal for stock and digital asset trading.

Read more at Yahoo Finance: Robinhood to enter Indonesia with brokerage, crypto trader acquisition