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 of its entry into Southeast Asia.
The company said the deals, which are subject to regulatory approval, are expected to close in the first half of 2026.
Patrick Chan, Robinhood’s head of Asia, said Indonesia is a fast-growing market for both equities and cryptocurrency trading.
“We look forward to bringing Indonesians the same innovative services that have earned the trust of Robinhood customers globally,” he said.
Indonesia has …
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