La App de trading Robinhood cierra su ronda de financiación de la serie E elevando su valuación a 7.6 billones de dólares - Crypto Economy ESP (2024)

FAQs

When I sell crypto on Robinhood, where is my money? ›

For Robinhood Crypto, funds from stock, ETF, and options sales become available for buying within 3 business days. However, limited cash deposits and all proceeds from crypto sales are generally available to instant accounts immediately.

Net revenue climbed 40% to $618 million, fueled by increased transaction-based revenue and higher short-term interest rates, according to the statement. Revenue from cryptocurrencies surged 232% to $126 million. Shares of Robinhood advanced 6.5% to $19.01 in extended trading at 4:43 p.m. in New York.

Another advantage Robinhood has is that, unlike some of its crypto platform competitors, it allows investors to hold their cryptocurrency on the same platform as their other investments. Investors can trade their bitcoin in the same app they're buying ETFs in their individual retirement accounts (IRAs).

Robinhood is considered safe for investors. It's a member for the Securities Investor Protection Corp. (SIPC), is regulated by the SEC, and has additional financial protection per customer up to certain amounts for cash and securities.

SEC regulations mandate a two-day settlement period after a stock's sale. Your funds still need to be cleared for withdrawal. There may be a waiting period for recent deposits or bonuses.

The settlement period for equities and options trades is the trade date plus 1 trading day (T+1), sometimes referred to as regular-way settlement. On the 2nd day, those proceeds will be available as withdrawable cash.

Your securities and cash are protected by SIPC

Robinhood Financial LLC and Robinhood Securities, LLC are both members of SIPC, which protects securities for customers of its members up to $500,000 (including $250,000 for claims for cash) for each investing account, including IRAs.

Send and receive crypto

It's secure, simple, and you'll never be charged deposit or withdrawal fees.

Security. Both Coinbase and Robinhood use security measures to keep customers safe. Coinbase: Employs 2-step verification, cold storage, and insurance for digital assets. Robinhood: Also uses 2-step verification and provides SIPC coverage for certain assets.

Who owns Robinhood? ›

Who owns the Robinhood company? Institutional investors own 31.9% of Robinhood's stock, with retail investors holding 25.2%, private equity firms 21%, individual investors 15%, and private companies accounting for 6.4%, according to Simply Wall Street.

Purchasing crypto comes with a number of risks, including volatile market price swings or flash crashes, market manipulation, and cybersecurity risks.

Robinhood has a good track record of protecting users' Social Security numbers, though, so providing yours is as safe as giving it to most reputable financial apps. Unfortunately, U.S. FinCEN requires you to provide your Social Security number to your stock brokerage for identity-verification purposes.

This move made Robinhood one of the first to offer an easy way to buy virtual coins without fees. In 2021, Robinhood went public in one of the year's most anticipated IPOs. It now trades under the ticker HOOD. As of 2023, more than 10 million people use Robinhood as their primary brokerage.

The minimum deposit at Robinhood is $0 - a great feature. The only available base currency is USD. You can only deposit your funds via bank transfer but there's no deposit fee. Depositing money at Robinhood is an easy process.

Use an exchange to sell crypto

You'll quickly exchange cryptocurrency into cash, which you can access from your cash balance in Coinbase. From there, you can transfer the money to your bank account if you wish.

Instant access to crypto proceeds

However, the ACH settlement period still applies when you withdraw the funds from your Robinhood Crypto account to your bank account. This means you won't be able to withdraw the proceeds from your sales for 5 business days.