US EditionRobinhood to enter Indonesia with brokerage, crypto trader acquisition
Robinhood aims to tap into Indonesia's 19 million capital market investors and 17 million crypto traders by acquiring local firms to accelerate regulated market entry.
- Robinhood Markets will acquire Indonesian brokerage Buana Capital Sekuritas and digital asset trader Pedagang Aset Kripto, marking its entry into one of Southeast Asia's major crypto hubs.
- Indonesia has more than 19 million capital market investors and 17 million cryptocurrency traders, making it an appealing market for both stock and digital asset trading.
- Pieter Tanuri, majority owner of the acquired Indonesian firms, will stay on as a strategic adviser to Robinhood.
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38 Articles
Why Robinhood Stock Popped on Monday
Key PointsRobinhood will buy two businesses to expand into Indonesia.No price was named for the acquisitions.10 stocks we like better than Robinhood Markets › Robinhood (NASDAQ: HOOD) stock gained 2.6% through 2:30 p.m. ET Monday, and for a change, this move has nothing to do with cryptocurrencies. (Or does it?) It has to do with... Indonesia. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stoc…
Robinhood Enters Indonesian Market, HOOD Spikes 1% - Robinhood Markets (NASDAQ:HOOD)
Robinhood Markets Inc. (NASDAQ:HOOD) opened higher on Monday as traders assess whether a new expansion push into Indonesia can help the stock break out of a tightening technical structure. Robinhood Acquires Two Indonesian Firms To Speed Expansion Robinhood on Sunday said it has entered into agreements to acquire PT Buana Capital Sekuritas, an Indonesian brokerage, and PT Pedagang Aset Kripto, a licensed digital financial asset trader, as part o…
Channel News Asia
Robinhood to enter Indonesia with brokerage, crypto trader acquisition
Dec 7 : Robinhood Markets will acquire Indonesian brokerage firm Buana Capital Sekuritas and licensed digital asset trader Pedagang Aset Kripto, marking the retail trading platform's entry into one of Southeast Asia's major crypto hubs, the company said in a blog post on Sunday.Indonesia is among the world's
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