Can you trade cryptocurrencies at Robinhood?

But crypto trading at Robinhood has some different policies than securities trading. For example, cryptocurrencies cannot be transferred to a digital wallet or withdrawn. There is no method to access a wallet or wallet address. External coins can’t be transferred to Robinhood, another criticism leveled against the broker’s crypto services.

Is Robinhood Crypto a member of FINRA?

Buy and sell Bitcoin, Ethereum, Dogecoin, and other cryptocurrencies 24/7 and commission-free with Robinhood Crypto. Crypto offered through Robinhood Crypto, not a member of FINRA.

Is Robinhood focusing on crypto in Q2 2021?

In fact, in Q2 customers appear to be signing up on Robinhood primarily for its crypto offerings, with more new customers placing their first trade in cryptocurrencies rather than equities. Over 60% of Robinhood’s cumulative funded accounts traded in crypto during Q2 2021.

Is Robinhood a good investment?

Although this is behind the likes of Coinbase, which posted about $2 billion in Q2 sales, Robinhood’s crypto growth is still noteworthy. Robinhood offers free trades for cryptocurrency, making money by selling the order flow of its customers to market makers, much like it does for options and equity.