Cryptocurrency trading services are offered through an account with Robinhood Crypto, LLC (NMLS ID 1702840). Robinhood Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services and is a subsidiary of Robinhood Markets, Inc. (Robinhood). Our list of licenses has more information.
Cryptocurrencies offered by Robinhood Crypto, LLC aren’t securities and aren’t FDIC insured or protected by SIPC. Crypto is a digital representation of value that functions as a medium of exchange, a unit of account, or a store of value, but it doesn’t have legal tender status. Crypto is sometimes exchanged for U.S. dollars or other currencies around the world, but they’re generally not backed nor supported by any government or central bank. Their value is completely derived by market forces of supply and demand, and are more volatile than traditional currencies.
Purchasing crypto comes with a number of risks, including volatile market price swings or flash crashes, market manipulation, and cybersecurity risks. In addition, crypto markets and exchanges aren’t regulated with the same controls or customer protections available in equity, option, futures, or foreign exchange investing.
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Crypto trading can be extremely risky. Crypto trading may not generally be appropriate, particularly with funds drawn from retirement savings, student loans, mortgages, emergency funds, or funds set aside for other purposes. Crypto trading can lead to large and immediate financial losses. Under certain market conditions, you may find it difficult or impossible to liquidate a position quickly at a reasonable price. This can occur, for example, when the market for a particular crypto suddenly drops, or if trading is halted due to recent news events, unusual trading activity, or changes in the underlying crypto system.
Any information about Robinhood Crypto on any Robinhood website (including robinhood.com and blog.robinhood.com), the Robinhood platform, email, or any other communications, are meant for informational purposes only and aren’t intended as an offer, solicitation, or advertisement for Robinhood Crypto or any goods or services offered by Robinhood Crypto.
