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Does the PDT rule & Good Faith rule apply to crypto trading?

The Pattern Day Trader (PDT) rule & Good Faith Violations (GFV) do not apply to cryptocurrency trades. While crypto trades do not trigger a PDT flag, margin accounts with an active PDT flag and balance over $25,000 are subject to crypto buying power limitations. In a PDT account, your crypto buying power will be approximately the amount of your settled funds in excess of your $25,000 of marginable equity. FINRA and SEC regulation require that PDT accounts maintain a minimum balance of $25,000 of cash or marginable assets. Since crypto is not a marginable asset, it does not count towards PDT requirements. This is why margin accounts with an active PDT flag and balance over $25,000 are subject to crypto buying power limitations.

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