Robinhood rises on bitcoin surge; co plans to enter Indonesia
ReutersDec 8, 2025 10:00 AM
Shares of online trading platform Robinhood Markets HOOD.O up 2.3% at $134.92 premarket after bitcoin up almost 2%
Co plans to enter Indonesia via acquisitions of brokerage Buana Capital Sekuritas and licensed crypto trader Pedagang Aset Kripto
Deal marks HOOD's first push into Southeast Asia, tapping Indonesia's 19 mln capital market investors and 17 mln crypto traders
HOOD, credited with disrupting U.S. retail trading, joined S&P 500 .SPX earlier this year and expanded into prediction markets in March
HOOD stock more than doubled YTD, as of last close
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