What are the stock PDT rules for cryptocurrency traders?

1 answers

• LirareAug 17, 2020 · 5 years ago
  As an expert from BYDFi, I can tell you that the stock PDT rules are not directly applicable to cryptocurrency traders. The SEC's regulations are specific to stock trading and do not extend to cryptocurrencies. However, it's worth noting that some cryptocurrency exchanges have implemented similar rules to prevent excessive day trading. These rules may limit the number of trades you can make within a certain time period or impose additional fees. It's important to familiarize yourself with the rules of the specific exchange you are using to ensure compliance and avoid any potential penalties.
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