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I am not sure about that. It's how you are holding the money and not Robinhood. When I put 100,000 in cash in Robinhood and I am not converting it into to some
by what_ever 8y ago
I am not sure about that. It's how you are holding the money and not Robinhood. When I put 100,000 in cash in Robinhood and I am not converting it into to some Robinhood tokens that get appreciated by 3% every year. I keep it in USD. So it should be cash as per the SIPC definitions.
But I am not an expert and don't take my advice.