FDIC Insurance is FAKE! | Safest Crypto Exchanges ChecklistJul 05, 2022
Crypto exchange Voyager Digital recently announced the suspension of trading, deposits, and withdrawals due to difficult market conditions amid a deepening meltdown in the troubled cryptocurrency market. Although Voyager has long claimed your USD assets are FDIC insured, that may turn out to be incredibly misleading. Voyager customer funds held by Metropolitan Commercial Bank are insured by the FDIC, however, FDIC insurance coverage is available only to protect against the failure of Metropolitan Commercial Bank. This begs the question, which crypto exchanges currently offer true FDIC insurance for USD fiat cash in the event of a meltdown? We're breaking down the safety of U.S. crypto exchanges currently available including: Coinbase, Binance US, Robinhood, Kucoin, Gemini, and FTX US.
~This episode is sponsored by Bybit~
Receive up to a $4,450 Bonus upon depositing & signing up to Bybit.
Join Now! - https://bit.ly/BybitPBN
Use our link to get 20% off of your Ledger purchase: