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Robinhood Financial LLC and Robinhood Crypto, LLC are wholly-owned subsidiaries of Robinhood Markets, Inc. Your brokerage account is with Robinhood Financial LLC and permits trading of equities and options, while cryptocurrency trading is done through an account with Robinhood Crypto, LLC. Cryptocurrencies are not stocks and Robinhood Crypto is not a member of FINRA or the SIPC.

Cryptocurrency is a digital representation of value that works as a circulating medium, a system of account, or a shop of worth, but it does not have legal tender status. Cryptocurrencies are often exchanged for U.S. dollars or other currencies worldwide, however they are typically not backed nor supported by any federal government or reserve bank.