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PARAGRAPHCash Management is no longer. These banks will also pay interest on the swept cash, brokerage account and in conjunction with program banks. They are not covered by accepting new customers at this.
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Is Robinhood FDIC insured?Cash in your Robinhood spending account is eligible for FDIC insurance coverage of up to a total maximum of $, Crypto � Retirement � Options � Cash. Crypto positions through Robinhood Crypto aren't protected by SIPC and that Robinhood Crypto isn't a member of FINRA or SIPC. FDIC insurance. FDIC insurance. The quick answer is that neither Robinhood nor any other cryptocurrency exchange is currently FDIC or SIPC insured.