@jakeclaverqfop: Assets on any exchange are legally the exchange's assets. You are a creditor. Robinhood limits withdrawals to $5,000 per day when large amounts are involved. That restriction during a volatile period where you need to move quickly is a real problem. Read the terms of service. The exchange owes you the cash equivalent, not the asset. Institutional custody through DAG means you own the asset and it is held in your name. That is the structural difference.