Cryptocurrency Your cryptocurrency at eToro is not insured. Cash eToro USA offers trading through its main trading application where customers can purchase stocks, exchange-traded funds (ETFs), and cryptocurrencies. eToro also offers options trading through a separate mobile application named “eToro Options,” which is a product offered by the eToro broker-dealer (eToro USA Securities Inc.). You can deposit and withdraw funds with eToro USA through several different methods. The settlement times for those transfers may vary. Once your cash settles at eToro USA, it is held with different custodians based on the account type. Regardless of the type of account you have at eToro, please note that Federal Deposit Insurance Corporation (FDIC) insurance only covers the failure of an FDIC-insured bank and does not protect against the failure of eToro or any malfeasance by an eToro employee. Learn more about FDIC insurance coverage here. Customer cash in an eToro USA account for stock, ETF, and cryptocurrency trading has been deposited in custodial account(s) opened for the benefit of eToro USA LLC customers at the following FDIC-insured bank(s): Cross River Bank. This customer cash is insured by the FDIC for up to $250,000 per depositor (an individual eToro customer) against the failure of the FDIC member bank. This coverage amount is inclusive of other cash a customer may have at that bank outside of the eToro custodial account. As noted above, FDIC insurance does not protect against the failure of eToro. Cash held in your eToro Options account is deposited with Apex Clearing Corporation, our securities clearing firm. Apex sweeps available cash in that options account to deposit accounts opened by Apex at FDIC-insured banks. Learn more about Apex’s cash sweep program here. You can opt out of this cash sweep program offered by Apex by contacting eToro Customer Service. Stocks/ETFs/Options US stocks, ETFs, or options purchased through your eToro USA Securities Inc. brokerage account(s) are eligible for Securities Investor Protection Corporation (SIPC) insurance in the event of eToro USA Securities Inc.’s (the eToro broker-dealer) failure. SIPC protection is limited to $500,000 per customer, including a $250,000 limit for cash. Please note that SIPC does not cover market losses, but only the failure of a broker-dealer. Learn more about SIPC coverage here. Our clearing firm, Apex Clearing Corporation, has purchased an additional insurance policy to provide extra protection for securities and cash held in brokerage accounts up to an aggregate of $150 million across all Apex Clearing brokerage accounts, subject to sub-limits for any one customer of $37.5 million for securities and $900,000 for cash. This policy does not cover market losses. FDIC insurance does not cover stocks, ETFs, options, or cryptocurrency, and no insurance covers market losses.