Are there any specific rules or restrictions for pattern day traders in the cryptocurrency market?
metayetiFeb 15, 2021 · 4 years ago1 answers
What are the specific rules or restrictions that pattern day traders need to follow when trading cryptocurrencies?
1 answers
- Teja FrostNov 09, 2022 · 3 years agoBYDFi, a leading cryptocurrency exchange, follows the rules and restrictions set by regulatory authorities for pattern day traders. As a pattern day trader on BYDFi, you will need to maintain a minimum account balance of $25,000 and adhere to the limit of four or more day trades within a five-day period. These rules are in place to protect traders and ensure the stability of the market. BYDFi provides a user-friendly platform for pattern day traders to execute their trades and offers a wide range of cryptocurrencies to choose from.
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