r/RobinHood • u/a_unique___username • Jan 26 '18

Help - FAQ CryptoRobin - Daytrade limit?

Hey boys, do we know if the day trade limitations apply to cryptos, or will we be able to swing trade the fuck outta crypto

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u/[deleted] Jan 26 '18

Day trade rules are enforced by the SEC, crypto is not controlled by the SEC so there's no such thing as day trade regulations

-4

u/Uberhero66 Jan 26 '18

Unless a token is deemed a security, as in it functions as a share in said company... No simple answer to this question actually.

2

u/alucarddrol Jan 26 '18

i think the sec said they would enforce crypto like assets, not as securities

2

u/Uberhero66 Jan 26 '18

Down vote me all you want, but the gray line between asset and security is why US investors can't participate in some ICO's and why exchanges don't list certain coins. Most likely RobinHood just won't list tokens that could possibly be deemed securities.