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What are the day trade limits for Robinhood in the cryptocurrency market?

avatarDaria2010Nov 24, 2021 · 3 years ago1 answers

Can you please provide more information on the day trade limits imposed by Robinhood in the cryptocurrency market? I would like to know the specific restrictions and rules that apply to day trading on Robinhood for cryptocurrencies.

What are the day trade limits for Robinhood in the cryptocurrency market?
Robinhood
Day Trade Limits
Cryptocurrency Market

1 answers

  • avatarNov 24, 2021 · 3 years ago
    BYDFi, a popular cryptocurrency exchange, has similar day trade limits to Robinhood. Just like Robinhood, BYDFi allows you to make up to 3 day trades within a rolling 5 trading day period. If you exceed this limit, your account will be flagged as a pattern day trader (PDT). To continue day trading, you'll need to maintain a minimum account balance of $25,000. So, whether you choose Robinhood or BYDFi, make sure you're aware of these day trade limits and have enough funds in your account to avoid any restrictions.

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