What is the maximum number of day trades allowed on Coinbase?

3 answers

• Dec 26, 2021 · 3 years ago
  Sure! Coinbase allows a maximum of 3 day trades within a 5-day rolling period for accounts that are classified as Pattern Day Traders (PDTs). This classification is based on certain criteria set by the Financial Industry Regulatory Authority (FINRA). If you exceed the maximum number of day trades, your account may be flagged and restricted from further day trading activities for 90 days. It's important to be aware of these limitations to avoid any potential penalties or restrictions on your Coinbase account.
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• Dec 26, 2021 · 3 years ago
  Hey there! When it comes to day trading on Coinbase, you're allowed to make up to 3 day trades within a 5-day rolling period. However, it's worth noting that if you're classified as a Pattern Day Trader (PDT), you'll need to maintain a minimum account balance of $25,000. If you don't meet this requirement, your account may be restricted from day trading activities. So, make sure to keep an eye on your account balance and trade responsibly!
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• Dec 26, 2021 · 3 years ago
  As an expert in the field, I can confirm that Coinbase follows the regulations set by FINRA for day trading activities. For Pattern Day Traders (PDTs), the maximum number of day trades allowed within a 5-day rolling period is 3. It's important to note that this limit applies specifically to day trades and not other types of trades. If you're planning to engage in day trading on Coinbase, make sure to keep track of your trades and stay within the allowed limit to avoid any potential restrictions on your account.
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