Customers should obtain prospectuses from issuers and/or their third party agents who distribute and make prospectuses available for review. These disclosures contain information on Robinhood Financial’s lending policies, interest charges, and the risks associated with margin accounts. Robinhood Crypto is licensed to engage in Virtual Currency Business Activity by the New York State Department of Financial Services. Though the company claims it is striving to be open for business in all 50 states as soon as possible. Robinhood Crypto is not a member of the Financial Industry Regulatory Authority (FINRA) or the Securities Investor Protection Corporation (SIPC). Robinhood Crypto is not a member of SIPC or FINRA. Robinhood Crypto’s Soaring Growth in 2021. Robinhood Crypto plans to have a staggered rollout across the states. “Robinhood Crypto has been steadily adding states where the service is available. The reason why this is the case is simply because online wallets are always connected to the internet, and are thus always prone to being hacked and stolen during some sort of a cyberattack. Robinhood Financial is a member of the Financial Industry Regulatory Authority (FINRA). Crypto investing involves significant risks. We also have a crime insurance policy that protects a portion of the assets held across our custody system against losses from theft, including cybersecurity breaches. Cryptocurrencies are not stocks and your cryptocurrency investments are not protected by either FDIC or SIPC. Tweet us -- Like us -- Join us -- Get help -- Disclosures. As Robinhood Crypto continues to grow and serve more people, the safety of your coins and the overall business remains a top priority. To learn more about the risks associated with options trading, please review the options disclosure document entitled Characteristics and Risks of Standardized Options, available here or through https://www.theocc.com/about/publications/character-risks.jsp. Robinhood on the other hand is a trading platform that allows you to buy and sell cryptocurrencies with Robinhood Crypto and trade in stocks, ETFs and other options with Robinhood Financial. Robinhood Crypto is now available in 46 states and Washington D.C., and we’ll continue expanding to more. ETF trading will also generate tax consequences. Manage your cryptos with confidence. The Robinhood platform has announced its addition of 8 more states in the U.S. to its crypto trading feature. There are risks associated with cryptocurrency trading. Robinhood Financial LLC is a member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). While this can be discouraging for many users, it’s important to note that Robinhood is actively working to expand its geographic availability. Tweet us -- Like us -- Join us -- Get help Newer Post Nasdaq Level 2 Market Data is Here All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Furthermore, we have systems in place to ensure that coins cannot be moved or accessed by any one person and that multiple levels of approvals are required. Check the background of Robinhood Financial LLC and Robinhood Securities, LLC on FINRA’s BrokerCheck. Robinhood, the trading platform that made the headlines during the GameStop Corporation (NYSE: GME) shares saga, has announced that it is going to enable full crypto … >Transferring Coins Into Robinhood Crypto. Thus, it is a solid choice for investors who don’t want to get into the complexities of crypto trading. 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