Robinhood Crypto Agreement

Robinhood Financial LLC and Robinhood Crypto, LLC are 100% subsidiaries of Robinhood Markets, Inc. Your brokerage account is on Robinhood Financial LLC and allows trading stocks and options, while cryptocurrency trading is done through an account at Robinhood Crypto, LLC. Cryptocurrencies are not stocks and Robinhood Crypto is not a member of FINRA or SIPC. Their cryptocurrency investments are not covered by either FDIC or SIPC insurance. Trading cryptocurrencies can be extremely risky. Cryptocurrency exchanges may not be generally appropriate, especially when it comes to retirement funds, student loans, mortgages, emergency funds, or funds set aside for other purposes. Trading cryptocurrencies can result in significant and immediate financial losses. Under certain market conditions, it may be difficult or impossible to quickly liquidate a position at a reasonable price. This can happen, for example, when the market for a particular cryptocurrency suddenly collapses or when exchanges are suspended due to current events, unusual business activities, or changes in the underlying cryptocurrency system. You can invest 24/7 on Robinhood Crypto in cryptocurrencies, except for site maintenance times. You will be informed in the application of the planned maintenance windows and their duration. If you place orders to buy or sell cryptocurrencies during a maintenance window, your order may not be executed until the maintenance window is complete.

In addition, not all outstanding contracts are pending during this period. Your cryptocurrency assets are held in your Robinhood Crypto account, not in your Robinhood Financial account, so they are treated as non-marginable, with a 100% maintenance need. This means that your cryptocurrencies must be fully secured by cash and cannot serve as collateral for equity positions. Robinhood Crypto also supports real-time market data for the following cryptocurrencies: If you make a deposit (or sell investments in your Robinhood financial brokerage account), these funds are immediately available for the purchase of cryptocurrencies in your Robinhood Crypto account. We calculate the cost basis on the basis of a first departure (FIFO). This means that we will sell your cryptocurrencies in the order in which you bought them. A limit order is an order that is placed to buy or sell a certain amount at a certain price or better. They don`t have to worry about day trading limits for cryptocurrencies, as they are not regulated by FINRA or the SEC, like stocks and options. Funds for selling shares, ETFs and options are available within 3 business days for the purchase of crypto. However, limited cash deposits and all revenue from crypto-sales are immediately available for instant accounts. Your cryptocurrency assets are not part of your Robinhood Financial account. Your brokerage account is on Robinhood Financial LLC and allows trading stocks, ETFs and options, while cryptocurrency trading is done through an account at Robin crypto, LLC.

Robinhood Crypto is licensed by the New York State Department of Financial Services and a number of other state supervisory authorities for money services operations, in order to participate in virtual currency activities. Robinhood Crypto is not a member of the Financial Industry Regulatory Authority (FINRA) or the Securities InveStor Protection Corporation (SIPC). . . .