Executive Summary
- •Robinhood Markets is entering the Indonesian market through the acquisitions of Buana Capital Sekuritas and PT Multi Digital Data (PT MDD).
- •These acquisitions will enable Robinhood to offer stock, crypto, and derivatives trading services in Indonesia, a market with approximately 17 million crypto users.
- •The deals are subject to regulatory approval from Indonesia’s Financial Services Authority (OJK) and will allow for immediate trading services.
- •Pieter Tanuri, the owner of the acquired firms, will join Robinhood as an advisor to guide compliance and operations.
Market Entry and Strategic Positioning
Robinhood Markets is making a significant global expansion by entering Indonesia through two strategic acquisitions. The U.S. trading platform has agreed to acquire local brokerage Buana Capital Sekuritas and the licensed digital asset firm PT Multi Digital Data (PT MDD). This move is designed to position Robinhood to serve the substantial market of 17 million crypto traders in Southeast Asia’s largest economy. The transactions are contingent upon receiving regulatory approvals from Indonesia’s Financial Services Authority (OJK). Upon completion, these acquisitions will grant Robinhood the necessary licenses to launch stock, cryptocurrency, and derivatives trading services immediately, tapping into a rapidly growing market where crypto adoption is notably high compared to many other regions.
We’re expanding globally. Robinhood has entered into agreements to acquire Buana Capital, an Indonesian brokerage, and PT Pedagang Aset Kripto, a licensed Indonesian digital financial asset trader–marking our entry into one of Southeast Asia’s fastest-growing markets.
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— Robinhood (@RobinhoodApp) December 8, 2025
Strategic Foothold in a High-Growth Market
Indonesia has established itself as one of the leading global markets for cryptocurrency, with annual trading volumes reaching an impressive $35 billion. The number of users in the country continues to grow, driven by widespread mobile-first adoption. Robinhood's entry into this market aligns with its established U.S. strategy of providing low-cost access to trading services, while also adapting to local regulatory requirements. These requirements include stipulations for Indonesian-majority boards and domiciled staff. Pieter Tanuri, the owner of the acquired firms, will continue his involvement with Robinhood as a strategic advisor. His expertise in navigating OJK compliance is considered invaluable, particularly after his success in building the firm into a significant player in the Indonesian market. The acquisition deals are expected to close soon, and Robinhood is reportedly considering further expansion opportunities across Southeast Asia, capitalizing on the global surge in cryptocurrency activity and a supportive regulatory environment.
Regulatory Wins and Revenue Boost Prospects
The anticipated OJK approvals represent Robinhood’s first significant foothold in the Asian market. This expansion comes as the company reported $1.27 billion in Q3 2025 revenues, which were significantly boosted by its performance in crypto and prediction markets. While Robinhood has faced past compliance challenges in the U.S., including fines from FINRA and other regulators totaling approximately $26 million and $29.75 million respectively, the company has demonstrated a commitment to improving its systems and compliance frameworks. Analysts view this strategic move into Indonesia as a potential catalyst for Robinhood’s global market dominance, particularly as it aims to integrate cryptocurrency trading with traditional asset classes in emerging economies.
Expansion into Futures and Derivatives
Robinhood is undertaking a notable strategic pivot by intensifying its engagement in event-based speculation. This decision follows the considerable success of its initial offerings in this sector. Driven by the rapid expansion of its prediction markets, which have emerged as one of the company's fastest-growing revenue streams, Robinhood has announced plans to launch a dedicated futures and derivatives exchange and clearinghouse. This ambitious initiative includes the acquisition of MIAXdx, an entity regulated by the CFTC, to secure the necessary infrastructure for the new derivatives exchange, which is slated for launch in 2026. This strategic move positions Robinhood to capitalize on a broader industry trend, as the surge in prediction markets is also attracting significant attention from competitors such as Coinbase and Gemini.