American trading platforms Coinbase and Robinhood have intensified their efforts in Asian markets. The former has resumed user registration in India, while the latter has agreed to acquire two companies in Indonesia.
Coinbase’s Return
The exchange has reopened its app for Indian clients after a two-year hiatus. Since October, the program operated in an early access test mode, and now registration is available to all interested parties.
John O’Loghlen, Coinbase’s director for the Asia-Pacific region, clarified that users can currently only conduct transactions between cryptocurrencies. Full fiat money deposits and withdrawals are planned for 2026.
Previously, the company ceased operations in the country due to regulatory challenges. In April 2022, the exchange had to disable support for the Unified Payments Interface (UPI), and by September 2023, it completely halted services for Indian clients.
The relaunch was made possible after Coinbase’s registration with the local Financial Intelligence Unit to comply with anti-money laundering regulations.
Robinhood’s Deals
The platform announced the acquisition of Indonesian broker PT Buana Capital Sekuritas and crypto trader PT Pedagang Aset Kripto. The purchase will allow the company to enter the market of Southeast Asia’s largest economy.
Robinhood plans to finalize the deals in the first half of 2026 after receiving approval from Indonesia’s Financial Services Authority. The company aims to provide local users with access to trading U.S. stocks and digital assets through its proprietary services.
The current owner of the acquired firms, Peter Tanuri, will remain involved as a strategic advisor.
Back in June, Robinhood completed a deal to purchase the Bitcoin exchange Bitstamp for $200 million.