Robinhood Expands into Indonesia, Acquiring Crypto Firms

Robinhood, the popular U.S. trading platform, is expanding into Southeast Asia, acquiring two Indonesian firms: Buana Capital Sekuritas and Pedagang Aset Kripto. This move marks Robinhoods entry into Indonesia, a country with significant crypto adoption and a large, tech-savvy young population. The acquisition helps Robinhood navigate local regulations and establish a presence more quickly, aligning with their mission to make finance accessible to everyone. Pieter Tanuri, majority owner of the acquired firms, will remain as a strategic advisor. This expansion signals Robinhoods continued ambition to grow globally and reach new investors around the world.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.