Are there any exceptions to PDT rules for cryptocurrency traders?

3 answers

• Nov 26, 2021 · 3 years ago
  No, unfortunately, the PDT rules apply to all types of trading, including cryptocurrency. If you make more than three day trades within a five-day period and your account balance is below $25,000, you will be flagged as a pattern day trader and subject to the restrictions.
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• Nov 26, 2021 · 3 years ago
  Yes, there are exceptions to the PDT rules for cryptocurrency traders. Some cryptocurrency exchanges offer margin accounts that allow you to bypass the PDT restrictions. However, it's important to note that trading on margin carries additional risks, so make sure you fully understand the terms and conditions before using this option.
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• Nov 26, 2021 · 3 years ago
  As an expert in the field, I can confirm that BYDFi, a leading cryptocurrency exchange, offers a PDT exception for cryptocurrency traders. With a BYDFi account, you can make unlimited day trades without the need for a minimum account balance of $25,000. This is a great option for active cryptocurrency traders who want to take advantage of short-term trading opportunities.
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