Your crypto assets aren’t part of your Robinhood Financial account. Your investing account is with Robinhood Financial LLC and allows trading of stocks, ETFs and options, while cryptocurrency trading is done through your account with Robinhood Crypto, LLC.
Robinhood Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services, as well as a number of other state money service business regulators. Robinhood Crypto is not a member of the Financial Industry Regulatory Authority (FINRA) or the Securities Investor Protection Corporation (SIPC).
Crypto aren’t stocks and your crypto investments aren’t FDIC insured or SIPC protected. Robinhood Financial, LLC and Robinhood Crypto, LLC are wholly-owned subsidiaries of Robinhood Markets, Inc.
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For these reasons, you can trade crypto on Robinhood with a Cash, Instant, or Gold account.
If your Robinhood Financial account is restricted for any reason, your Robinhood Crypto account may also be restricted. You won’t be able to trade crypto until the restriction on your Robinhood Financial account is lifted.
