Your XRP Safe on Robinhood. Jake Claver on collateral.
What this recording covers
A viewer asks about the risks of holding a significant amount of XRP on a particular retail platform. Claver says the main practical concern is withdrawal limits that cap how much can be moved off the platform per day. He says the platform's behavior when users try to withdraw resembles patterns he observed before several crypto lending and trading platforms experienced major failures in 2021. He does not assert the platform is insolvent, but says the withdrawal restrictions create uncertainty for him personally. He adds that he would not hold his own digital assets there.
Where this fits
This page hosts a recorded video and a short summary of what it covers. It is general information, not investment, tax, or legal advice, and not a recommendation to buy or sell any asset or to form any entity. Rules change and older recordings may describe a position that has since moved. Speak to a qualified professional before acting.