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Robinhood: We Don't Lend Crypto, Balance Sheet With No Debt and $6B in Cash

Robinhood Markets Inc. reiterated its crypto safety practices in a Twitter thread, saying customer assets are “completely segregated from any firm activity.”

"We don't lend crypto or leverage against it. Our customers' assets are completely segregated from any firm activity," Robinhood said.

"Crypto is one portion of our business. We are a publicly traded US company, meaning we are required to report on the state of our business and our financials every quarter. Our balance sheet is strong with no debt and 6B in cash. Crypto deposits and withdrawals are operating as usual. Transfers typically take a few minutes, but can take up to 24 hours if they get flagged for manual risk review. We have limits in place to protect our customers and the firm’s funds." Adding Robinhood.

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