Are there any measures in place to protect cryptocurrency users if Robinhood were to go bankrupt?

1 answers

• May 15, 2022 · 3 years ago
  While I can't speak specifically for Robinhood, as an employee of BYDFi, I can tell you that our platform takes the security and protection of our users' cryptocurrency holdings very seriously. We have implemented various measures to ensure the safety of funds, including cold storage for the majority of our users' assets and regular security audits. Additionally, we have insurance coverage in place to protect against potential losses due to hacks or other security breaches. However, it's always important to do your own research and take necessary precautions to protect your cryptocurrency investments, regardless of the platform you use.
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