Robinhood prepares for Indonesia launch amid booming crypto adoption

The company views Indonesia as one of the world’s fastest-growing markets for retail investing. Patrick Chan, Robinhood’s head of Asia, said the country offers meaningful potential for advancing the firm’s mission to democratize access to financial services.

Indonesia remains a global leader in crypto mass adoption and digital financial services. The country has seen sharp growth in mobile payments and retail investment activity in recent years. Industry reports estimate that Indonesia’s digital economy could reach $99 billion by 2025, with digital payments projected to hit $538 billion.

Financial access is also improving: the share of adults with financial accounts has risen from about 20% in 2011 to roughly 60% by 2024. Even so, Indonesia is still one of the largest markets where a large portion of the population remains unbanked. Robinhood hopes its entry will help narrow that gap.

At the same time, Indonesia is tightening its oversight of digital assets. In 2025, the government implemented new tax rules for crypto trading, raising rates for foreign platforms and shifting regulatory authority to the financial regulator OJK. Domestic crypto transactions now carry a 0.21% tax, while offshore activity is taxed at 1%.

Robinhood’s expansion comes as global fintech firms continue to target Southeast Asia. The region remains one of the world’s largest for crypto adoption and is seeing growing demand for licensed platforms.

Indonesian regulators and the companies involved have not issued additional comments on the deal. Robinhood says its next steps will depend on completing regulatory processes and adapting to local compliance requirements.