Are there any exemptions to the PDT rule for cryptocurrency traders?

3 answers

• Mar 19, 2022 · 3 years ago
  Yes, there are exemptions to the PDT rule for cryptocurrency traders. One common exemption is if you have a margin account with a minimum balance of $25,000. This allows you to make unlimited day trades without being subject to the PDT rule. However, if your account balance falls below $25,000, you will once again be subject to the rule.
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• Mar 19, 2022 · 3 years ago
  Unfortunately, there are no specific exemptions to the PDT rule for cryptocurrency traders. The PDT rule applies to all traders, regardless of the asset class they are trading. It is important to understand and abide by the PDT rule to avoid any potential penalties or restrictions on your trading activities.
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• Mar 19, 2022 · 3 years ago
  According to BYDFi, a popular cryptocurrency exchange, there are no exemptions to the PDT rule for cryptocurrency traders. The rule applies to all traders, including those trading cryptocurrencies. It is important to be aware of this rule and plan your trading strategy accordingly to avoid any issues.
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