Robinhood Crypto: licences, security, fees and reviews
Centralized exchange
In short
- Legal entity
- Robinhood Crypto, LLC (NMLS ID 1702840)
- Fees
- Spot trading: Market maker routing: no separate fee; Robinhood receives USD 0.95 per USD 100 from the spread (as of 15 June 2026)
- Risks and caveats
- Crypto held through Robinhood Crypto is not FDIC insured or SIPC protected.
- Checked
- 31 October 2026
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Key facts
- Type
- Centralized exchange
- Country of registration
- United States
- Operator
- Robinhood Crypto, LLC (NMLS ID 1702840), Menlo Park, California; part of Robinhood Markets, Inc.
- Official site
- robinhood.com/us/en/crypto
Key facts checked on 31 October 2026 against official sources and regulator registers.
What is Robinhood Crypto
Robinhood Crypto is the crypto trading service of Robinhood Markets, Inc. (founded 2013, Nasdaq: HOOD), offered in the US by Robinhood Crypto, LLC, which holds a New York virtual currency licence and is a FinCEN-registered money services business. In the EU crypto is offered by Robinhood Europe, UAB under MiCA. Robinhood bought Bitstamp in June 2025 and WonderFi (Bitbuy, Coinsquare) in June 2026.
Good to know
- Robinhood completed its acquisition of Bitstamp Ltd., a crypto exchange founded in 2011, on 2 June 2025. ↗
- Robinhood completed its acquisition of WonderFi on 1 June 2026; Robinhood says WonderFi's Bitbuy and Coinsquare platforms will become part of the Robinhood brand. ↗
- With default market maker routing there is no separate fee, but Robinhood Crypto receives USD 0.95 per USD 100 traded from its market makers, included in the spread (as of 15 June 2026). ↗
- Crypto held with Robinhood Crypto is not FDIC insured or SIPC protected. ↗
- In August 2022 NYDFS fined Robinhood Crypto, LLC USD 30 million for anti-money-laundering and cybersecurity failures. ↗
- The SEC sent Robinhood Crypto a Wells Notice in 2024 and closed its investigation on 21 February 2025 without recommending enforcement action. ↗
Services
| Parameter | Details |
|---|---|
| Spot trading | Buy and sell coins such as BTC, ETH, DOGE, SOL and stablecoins; market maker routing (spread) or exchange routing (maker/taker fees). |
| Staking / Earn | Staking of ETH, SOL and ADA; not available in all jurisdictions. |
| Custody / wallet | Custodial accounts with most coins in cold storage; free crypto transfers in and out; separate self-custody Robinhood Wallet. |
Licences and registrations
| Jurisdiction | Entity | Licence / registration | Regulator |
|---|---|---|---|
| United States (New York) | Robinhood Crypto, LLC | Licensed to engage in virtual currency business activity (BitLicense) | New York State Department of Financial Services (NYDFS) |
| United States | Robinhood Crypto, LLC | Money services business registered with FinCEN; NMLS ID 1702840; state money transmitter laws | FinCEN; state regulators |
| European Union (Lithuania) | Robinhood Europe UAB | MiCA crypto-asset service provider; ESMA register date 29 May 2025 (custody, execution, reception and transmission, transfers) | Bank of Lithuania |
Security and audits
- Robinhood says it holds most customers' coins in cold storage, disconnected from the internet.
- It carries crime insurance (Lloyd's syndicates) covering a portion of assets against theft, including cybersecurity breaches.
- Incidents on record include the November 2021 data security incident and a 2024 attack on its third-party-run newsroom site.
Security incidents
| Date | What happened | Source |
|---|---|---|
| 2 March 2020 | Outage: Outages of Robinhood's US stock trading platform on 2-3 March and 9 March 2020; the founders said stress from unprecedented load led to a failure of its DNS system. | robinhood.com |
| 3 November 2021 | Data breach: An unauthorized party socially engineered a customer support employee by phone and obtained a list of about 5 million email addresses and full names of about 2 million people; about 310 people had more data exposed. The attacker demanded an extortion payment. Robinhood said no Social Security, bank account or debit card numbers were exposed and there was no financial loss to customers. | robinhood.com |
| October 2024 | Hack: In late October 2024 an attacker gained access to Robinhood's newsroom website, run by a third-party vendor, for a limited number of hours; Robinhood says no customer information was accessed. Exact day not stated. Funds returned: not stated | sec.gov |
Further incidents are reported by third parties (press, incident databases) but are not confirmed in the company’s own channels, so they are not listed here.
Fees
| Parameter | Details |
|---|---|
| Spot trading | Market maker routing: no separate fee; Robinhood receives USD 0.95 per USD 100 from the spread (as of 15 June 2026) |
| Spot maker / taker | Exchange routing: 0.00%-0.95% depending on 30-day volume (as of 31 October 2026) |
| Deposits | No crypto deposit or withdrawal fees charged by Robinhood (as of 31 October 2026) |
Who can use it
- Verification: US customers must be 18 or older, have a valid Social Security Number and a US residential address.
- Robinhood Crypto US is available in every US state and the District of Columbia; staking and onchain lending are not available in all jurisdictions.
History
| Date | Event |
|---|---|
| 2013 | Robinhood is founded. |
| 2 March 2020 | Robinhood's platform suffers multi-day outages under record load. |
| 3 November 2021 | Data security incident: an attacker obtained a list of about five million email addresses after socially engineering a support employee. |
| 2 August 2022 | NYDFS announces a USD 30 million penalty on Robinhood Crypto, LLC. |
| 21 February 2025 | The SEC closes its investigation of Robinhood Crypto without recommending enforcement action. |
| 2 June 2025 | Robinhood completes its acquisition of Bitstamp. |
| 1 June 2026 | Robinhood completes its acquisition of WonderFi (Bitbuy, Coinsquare) and enters Canada. |
Risks and caveats
- Crypto held through Robinhood Crypto is not FDIC insured or SIPC protected.
- Default orders are priced with a spread from which Robinhood earns a payment from market makers.
- Robinhood Crypto was fined USD 30 million by NYDFS in 2022 for AML and cybersecurity failures.
About the company
- Legal entity
- Robinhood Crypto, LLC (NMLS ID 1702840)
- Parent company
- Robinhood Markets, Inc. (Nasdaq: HOOD)
- Headquarters
- 85 Willow Road, Menlo Park, CA 94025, United States
- Founded
- 2013 (Robinhood)
Official links
- Website: robinhood.com/us/en/crypto
- Fees: robinhood.com/us/en/support/articles/crypto-fee-tiers
- Licences: robinhood.com/us/en/about/legal
- Blog: robinhood.com/newsroom
Questions and answers
Is Robinhood Crypto regulated?
In the US, Robinhood Crypto, LLC holds a New York virtual currency licence and is registered with FinCEN as a money services business; in the EU, Robinhood Europe UAB is a MiCA crypto-asset service provider authorised by the Bank of Lithuania.
What are Robinhood's crypto fees?
By default there is no separate fee but a spread, from which Robinhood Crypto receives USD 0.95 per USD 100 traded (as of 15 June 2026); exchange-routed orders pay 0.00%-0.95%.
Who owns Bitstamp, Bitbuy and Coinsquare?
Robinhood Markets, Inc. completed its acquisition of Bitstamp on 2 June 2025 and of WonderFi, the owner of Bitbuy and Coinsquare, on 1 June 2026.
Has Robinhood been hacked?
In November 2021 an attacker who socially engineered a support employee obtained about five million email addresses and two million names; Robinhood said no Social Security, bank or debit card numbers were exposed. In October 2024 an attacker briefly took over its third-party-run newsroom site; no customer information was accessed.
Sources
- Robinhood - Crypto
- Robinhood - Crypto fee tiers
- Robinhood - Crypto order routing
- Robinhood EU - Crypto
- Robinhood newsroom - Data security incident (update)
- Robinhood newsroom - Completes acquisition of Bitstamp
- Robinhood newsroom - Completes acquisition of WonderFi
- Robinhood newsroom - An update from Robinhood's founders (March 2020)
- NYDFS press release, 2 August 2022
- Robinhood Markets, Inc. annual report (Form 10-K, filed 18 February 2026)
- ESMA - Interim MiCA register, CASPs
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