Notice to RH and Crypto users
With recent liquidity crisis with RH your Crypto at RH isn't backed by SIPC and incase if RH goes bankrupt you're left to pound sand. It's wise to say that move your Crypto to other brokers at this point. Coinbase, Gemini and Kraken to name a few. Also if you believe RH have serious liquidity issues consider moving out incase if they go underwater your stocks and investments when backed by SIPC takes as much as years to get back. #investments #personalfinance
Would my margin go away too?
That’s the first to go away. RH will start closing your positions without consent.
They already closed positions on Friday without consent.
You can’t move crypto to n from robin hood Can you ?
No you can’t but you can sell and buy somewhere else
Not your keys, not your crypto
This post is garbage and a lie. Both Robinhood and SIPC say their accounts are backed by SIPC.
Okay Boomer
No shit