What is the day trade limit for Robinhood in the cryptocurrency market?

3 answers

• Dec 16, 2021 · 3 years ago
  The day trade limit for Robinhood in the cryptocurrency market is three trades within a rolling five trading day period. If you exceed this limit, your account will be flagged as a pattern day trader and you will be required to maintain a minimum account balance of $25,000. It's important to note that this limit applies to all securities, including cryptocurrencies, traded on Robinhood.
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• Dec 16, 2021 · 3 years ago
  The day trade limit for Robinhood in the cryptocurrency market is set by the Financial Industry Regulatory Authority (FINRA). According to FINRA rules, if you execute four or more day trades within a five-day trading period and the number of day trades is more than 6% of your total trading activity for that same five-day period, you will be considered a pattern day trader. As a pattern day trader, you will be required to maintain a minimum account balance of $25,000.
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• Dec 16, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, allows its users to make unlimited day trades in the cryptocurrency market. Unlike Robinhood, BYDFi does not have a specific day trade limit or require a minimum account balance for day trading. This flexibility attracts many active traders who want to take advantage of short-term price movements in the cryptocurrency market.
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