Robinhood: We Don't Lend Crypto, Balance Sheet With No Debt and $6B in Cash

Robinhood Markets Inc. reiterated its crypto safety practices in a Twitter thread, saying customer assets are “completely segregated from any firm activity.”

"We don't lend crypto or leverage against it. Our customers' assets are completely segregated from any firm activity," Robinhood said.

"Crypto is one portion of our business. We are a publicly traded US company, meaning we are required to report on the state of our business and our financials every quarter. Our balance sheet is strong with no debt and 6B in cash. Crypto deposits and withdrawals are operating as usual. Transfers typically take a few minutes, but can take up to 24 hours if they get flagged for manual risk review. We have limits in place to protect our customers and the firm’s funds." Adding Robinhood.

Robinhood Crypto

Original Link

Comments

All Comments

Recommended for you

Cointime May 3rd News Express

1. The 133rd Ethereum ACDC meeting: The goal is to complete the devnet within 7-10 days
Cointime April 23th News Express

1. EigenLayer: Deposit limits for all LST tokens will be removed on April 16
Cointime April 5th News Express

1.Mystiko.Network Community Sale Completed, Total $11.25 Million in XZK Sold2.Solana Co-founder Responds to the Sharp Increase in Transaction Failure Rates: Patch Coming Soon3.Ethena USDe market value exceeds 2 billion US dollars, setting a new record4.Du Jun, Executive Director and CEO of Xinhuo & Founder of ABCDE: Xinhuo Technology and ABCDE will invest 100 million US dollars to support blockchain companies that promote social development 5.QCP Capital: Bitcoin is expected to return to $70,000 this week, while Ethereum continues to be weak6.bitSmiley Labs officially launches its independent ecosystem plan, bitUniverse, and reveals its OG pass bitDisc-Black Upgraded Priviledges 7.Avalanche Foundation launches ice-breaking plan, focusing on LST track in the first phase and funding 500,000 AVAX 8.SuperRare Expands into Bitcoin Ordinals with Killer Acid's Psychedelic Art Collection 9.A dormant whale address for 8 months deposited 1,100 BTC into Binance10.Meme exchange DerpDEX.com completes multi-million dollar strategic investment, with participation from ABO Digital and others
Cointime精选 ·

An introduction to Composable Culture, what it is and why it matters

The current landscape of emerging technologies like blockchain, web3, ai-related solutions and others is paving the way for what I see as the rise of composable culture (or modular culture as one of my peers said1). While I have been hinting the concept in my writings before, an explanation of why an there should be an umbrella term, what are it’s characteristics and advantages is needed.
Cointime精选 ·

Token Evolution: Uncovering Diverse Applications in the Current Digital Landscape

In this collaborative research endeavor, the Global Crypto Research (GCR) and Friends With Benefits (FWB) unite to present a comprehensive examination of Decentralized Autonomous Organization (DAO) tokens and their contemporary landscape. Despite the burgeoning interest and investment in DAO tokens, their utility and application remain constrained by a spectrum of technical, regulatory, and operational challenges. Our primary objectives are to explore potential use cases for DAO tokens and propose a roadmap for their future evolution. Through this collaborative inquiry, we seek to foster a deeper understanding of DAO tokens, catalyzing innovation and facilitating more robust, versatile, and equitable applications in the digital economy.
Cointime精选 ·

Surviving Crypto Cycles

In the first 2 months of 2021, crypto prices have already doubled and continue to hit new all-time highs. Bitcoin has crossed $1 trillion in market capitalization. Pixelated crypto art regularly sells for millions. Senators even have lasers for eyes! Euphoria abounds.
Cointime精选 ·

Find a husband using this very simple DeFi strategy (it worked for me!)

This week I’ve just been having a lot of fun with DeFi again, so I decided to finally share this story
Cointime精选 ·

On Compressionism

How a technological necessity is becoming the face of a burgeoning realm of cryptoart
Cointime精选 ·

iOS 17.4 is also an attack on crypto

The gist of the story is that Apple is going to release the iOS 17.4 update soon, and it’s going to severely impact the usability of PWAs. In this post, I want to summarize the story and explain how crypto apps like Kiwi News are being affected by this update.
Terra founder Do Kwon to be extradited to U.S.

Terra founder Do Kwon will be extradited to the United States.