Cryptocurrency Q&A Is Prosper FDIC insured?

Is Prosper FDIC insured?

Bianca Bianca Tue Sep 17 2024 | 6 answers 1124
Could you please clarify for me if Prosper is insured by the Federal Deposit Insurance Corporation (FDIC)? I'm looking to invest in some financial products and want to ensure that my money is protected in case of any unforeseen circumstances. Is Prosper a traditional banking institution that falls under the FDIC's insurance coverage, or is it a peer-to-peer lending platform that operates outside of this framework? Understanding the safety and security of my investments is crucial to me, so I would appreciate any insight you can provide. Is Prosper FDIC insured?

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