Crypto orders placed with smart exchange routing qualify for fee tiers through June 30, 2025. As your eligible 30-day trading volume increases, your fee rate decreases. Fees range from 0.10%-0.85%.

For eligible customers, fee tiers are based on the trailing 30-day trading volume of crypto orders executed with smart exchange routing. In the app, you can turn smart exchange routing on and off for orders of certain crypto. Smart exchange routing is the only routing setting available on Robinhood Legend.

Included in volume:

• Executed crypto orders placed in the app with smart exchange routing
• All executed crypto orders placed on Legend

Not included in volume:

• Executed crypto orders placed in the app with market maker routing (default)
• All executed crypto orders placed on web classic or through the Crypto API
• Recurring crypto investments
• All pending crypto orders

Your 30-day smart exchange routing trading volume is updated instantly after order execution, with instant tier upgrades at trading volume milestones. Tier upgrades are locked in for 7 days, meaning your tier may be upgraded again in that period but will not be downgraded. Your fee rate for a given order is determined by your tier at the time the order is placed. Review the FAQ below for more details.

You can view your current fee tier and 30-day trading volume executed through smart exchange routing in a few different ways.

• In the app: widget in the order type menu (smart exchange routing must be enabled)
• Trading experience in the app and on Legend: link in fee tooltip (smart exchange routing must be enabled in the app)
• Web classic: crypto tab under Account. Note that smart exchange routing is not supported on web classic.

These terms and conditions (“Terms”) apply to your access to and participation in the Robinhood Crypto Volume Fee Tiers promotion (the “Promotion”), which is operated by Robinhood Crypto, LLC (collectively, “Robinhood Crypto”, “RHC”, “our”, “us”, or” we”). These Terms complement and incorporate by reference the Robinhood Crypto Customer Agreement (the “Customer Agreement”). In the event of any conflict between the Customer Agreement and these Terms, the Customer Agreement will control.

Eligibility: The Promotion is valid only for those Robinhood Crypto customers that Robinhood Crypto contacts directly about the offer and who place crypto trades through smart exchange routing on Robinhood Crypto during the period beginning 12:00 AM ET on March 19, 2025 to 11:59 PM ET on June 30, 2025 (“Offer Period”). The Promotion is not available to the general public or to all Robinhood Crypto customers. Customers may not request to be enrolled in the Promotion.

Offer: The Promotion is a limited time offer that is only available during the Offer Period, subject to availability. RHC may change the Offer Period dates at any time without notice Customers participating in the Promotion may be eligible to receive lower transaction fees applicable to cryptocurrency orders placed through smart exchange routing based on their 30-day trading volume of cryptocurrency orders executed with smart exchange routing during the Offer Period.

By participating in the Promotion, you represent and warrant that you understand and agree to the following:

• There is a transaction-based fee associated with cryptocurrency trades executed with smart exchange routing, and the relevant fees range from 0.85% to 0.10% as specified on the Robinhood Platform within the smart exchange routing hub.
• Your fee for cryptocurrency orders placed through smart exchange routing is based on your trailing 30-day trading volume of cryptocurrency orders executed with smart exchange routing only. Volume executed through market maker routing does not count towards your 30-day trading volume. Additional information regarding cryptocurrency order routing on RHC is available in this Help Center article.
• Fees are calculated based on the current volume tier you are in when the order is placed, and not on the tier you would be in after a trade is completed.
• Fee rates and volume tiers are subject to change, and you can check your current tier rate in the smart exchange routing hub within the Robinhood Platform.
• Your all-in costs may be higher or lower with smart exchange routing compared to market maker routing depending partly on volume traded.

Limitation: RHC reserves the right to change or restrict the Promotion terms, or terminate the Promotion, at any time without notice. RHC reserves the right to cancel, suspend, and/or modify your enrollment in the Promotion in RHC’s sole discretion if, for example, RHC determines that there may be circumstances indicating fraud or a violation of these Terms or the Customer Agreement. The offer isn’t transferable, saleable, or valid in conjunction with certain other offers. This isn’t an offer or solicitation in any jurisdiction where we aren’t authorized to do business. Other restrictions may apply.

Taxes: Consult with your tax advisor about the appropriate tax treatment for this offer and any tax implications associated with your participation in this Promotion before enrolling.

Disclosures: The trading and holding of digital assets involves significant risk, including the risk of substantial loss. Please read the Robinhood Cryptocurrency Risk Disclosure before transacting in any cryptocurrency through any Robinhood trading platform.

Crypto services are offered through an account with Robinhood Crypto, LLC (NMLS ID 1702840). Robinhood Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Review our licenses for more information. Crypto held through Robinhood Crypto isn’t FDIC insured or SIPC protected. Robinhood Crypto and its affiliates don’t provide accounting, tax, or legal advice. Individuals should consult their own independent advisors prior to engaging in any business arrangement or transaction utilizing the Robinhood Crypto platform.