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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.

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Cryptocurrency is a digital representation of worth that operates as a cash, a system of account, or a store of worth, however it does not have legal tender status. Cryptocurrencies are sometimes exchanged for U.S. dollars or other currencies all over the world, but they are generally not backed nor supported by any government or reserve bank.