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Is Robinhood Crypto safe?

Robinhood Crypto, LLC (parent: Robinhood Markets, Inc., Nasdaq: HOOD) · Last updated Oct 19, 2026
80/100Strong signals

At a glance

80/100 · Strong signals
  • ClarityCheck score80/100 · Strong signals
  • US availabilityAvailable in the US
  • NY BitLicense / trust charterYes (NYDFS list)
  • Proof of reservesAudited filings (no PoR)
In short

US-listed parent, NY BitLicense, available nationwide; 2022 NYDFS penalty. Available in all US states plus DC, Puerto Rico and the US Virgin Islands. Some assets and transfers are restricted in New York.

Score breakdown

  • US money-transmission licensing25/25
    FinCEN MSB registration (5) + state licence coverage: broad (20)
  • Higher-tier US oversight15/20
    NYDFS BitLicense/trust charter yes (10); CFTC-registered affiliate not found (0); SEC-registered broker-dealer or SEC-reporting parent yes (5)
  • Reserves & financial transparency10/20
    Audited financials filed with the SEC yes (10); proof of reserves not found (0)
  • Enforcement record (last 5 years)20/25
    Starts at 25. Criminal plea: none found (0); regulatory penalties ≥ $1M: 1 (−5 each, max −15). Dismissed or closed cases don't deduct.
  • Security incidents (last 3 years)10/10
    Starts at 10. Theft of ≥ $100M: none found; disclosed customer-data breach: none found

How the score works →

Custody

Not found: we didn't find a public description of Robinhood Crypto's custody arrangements that we could verify.

Registrations & licences

3 facts
  1. Official sourceOct 19, 2026 · FinCEN

    Robinhood Crypto, LLC appears in FinCEN's MSB registrant list.

    FinCEN MSB Registrant Search (full registrant export) ↗
  2. Company / third-partyOct 19, 2026 · Robinhood

    Robinhood Crypto publishes its state money transmitter licences.

    Robinhood Crypto Licenses & Disclosures (PDF) ↗
  3. Official sourceOct 19, 2026 · NYDFS

    NYDFS lists Robinhood Crypto, LLC with Virtual Currency and Money Transmitter Licenses (2019-01).

    NYDFS: Virtual Currency Businesses, regulated entities list ↗

EU (MiCA)

1 fact
  1. Official sourceOct 19, 2026 · ESMA

    Robinhood Europe UAB (Lithuania) is an authorised MiCA CASP, notified 29/05/2025.

    ESMA interim MiCA register: authorised crypto-asset service providers (CASPS.csv) ↗

Enforcement & legal history

2 facts
  1. Official sourceAug 2, 2022 · NYDFS

    NYDFS penalty: $30 million on Robinhood Crypto for AML, cybersecurity and consumer-protection violations, Aug 2, 2022.

    DFS announces $30 million penalty on Robinhood Crypto ↗
  2. Company / third-partyFeb 21, 2025 · Robinhood

    SEC Wells notice (May 2024). Robinhood says the SEC closed the investigation with no action on Feb 21, 2025.

    Robinhood: SEC closes investigation into Robinhood Crypto ↗

Reserves & transparency

1 fact
  1. Official sourceOct 19, 2026 · SEC EDGAR

    Public company: Robinhood Markets files audited annual reports with the SEC. We found no proof-of-reserves.

    SEC EDGAR: Robinhood Markets filings ↗

Listing history

1 fact
  1. Company / third-partyJun 9, 2023 · Reuters

    Robinhood ended support for ADA, MATIC and SOL on June 27, 2023 after SEC lawsuits named them, and relisted SOL, ADA and XRP on Nov 13, 2024.

    Reuters: Robinhood removes three crypto tokens ↗

Robinhood Crypto questions

Is Robinhood Crypto safe?

ClarityCheck scores Robinhood Crypto 80/100 (Strong signals) on public regulatory and transparency signals: US-listed parent, NY BitLicense, available nationwide; 2022 NYDFS penalty. This is not a solvency rating or a guarantee.

Is Robinhood Crypto available in the US?

Available in the US. Available in all US states plus DC, Puerto Rico and the US Virgin Islands. Some assets and transfers are restricted in New York.

Is Robinhood Crypto licensed in New York?

Yes. NYDFS lists a BitLicense or trust charter for Robinhood Crypto's entity (checked Oct 19, 2026).

Not legal, financial or investment advice. The CLARITY Act is not law. Facts are from the linked sources as checked on Oct 19, 2026; please tell us if anything is out of date.