What is the role of SIPC in the Robinhood cryptocurrency platform?

1 answers

• Nov 26, 2021 · 3 years ago
  BYDFi, as a cryptocurrency exchange, does not fall under the jurisdiction of SIPC. SIPC protection is specific to brokerage firms, and BYDFi operates as an exchange rather than a traditional brokerage. While BYDFi takes various security measures to protect users' assets, it's important to note that SIPC coverage does not extend to the platform. Users should familiarize themselves with the specific security measures and protections offered by BYDFi to ensure the safety of their assets on the platform.
  505253