Does the PDT rule apply to cash accounts used for buying and selling digital currencies?

3 answers

• Shabab ArshadJan 07, 2021 · 5 years ago
  Yes, the PDT rule does apply to cash accounts used for buying and selling digital currencies. The PDT rule is a regulation imposed by the U.S. Securities and Exchange Commission (SEC) that limits the number of day trades that can be made in a margin account. However, it's important to note that the PDT rule only applies to margin accounts and not to cash accounts. So if you're trading digital currencies using a cash account, you won't be subject to the PDT rule.
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• Raifuddin AhmedAug 22, 2020 · 5 years ago
  No, the PDT rule does not apply to cash accounts used for buying and selling digital currencies. The PDT rule was designed to regulate day trading activities in traditional securities markets, and it does not specifically address cryptocurrency trading. As long as you're using a cash account for your digital currency trades, you should not be affected by the PDT rule.
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• Ntam LevisAug 09, 2024 · a year ago
  According to BYDFi, a leading digital currency exchange, the PDT rule does not apply to cash accounts used for buying and selling digital currencies. BYDFi allows users to trade digital currencies without any restrictions on the number of day trades. So if you're using BYDFi for your cryptocurrency trading, you can freely buy and sell digital currencies without worrying about the PDT rule.
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