Here are the trading rules specific to trading cryptocurrency through your Bakkt Crypto account via the Public app:
Market Orders
There is usually a short delay - typically less than a second - between the time a market order is submitted and the time it is executed. To protect you against sudden price movements in the small window of time between order submission and execution, there is a 5% collar applied to market orders on both sides -
If you set a market order to buy and the price of the coin or token jumps more than 5%, the order will be automatically canceled.
If you set a market order to sell and the price of the coin or token drops more than 5%, the order will be automatically canceled.
The collar is in place to make sure you don’t accidentally pay a significantly different amount than you intended to.
In that same vein, market orders will be automatically canceled if they aren’t executed within 5 seconds after they were sent to the exchange.
Order Limitations
The maximum value of any individual trade can not exceed $100,000.00
The total value of all open orders cannot exceed $200,000
Order Quantities
The minimum amount to purchase is $1.
The minimum amount to sell is $0.01.
The minimum fractional amount of cryptocurrency in a single trade is 0.00000001.
Trading Hours
Any pending orders not filled before the daily maintenance period (which starts at 5:30pm ET) will be canceled.
If you ever have questions, the team is always here for you, so feel free to give us a shout on the app’s Chat or via email at support@public.com.
To trade cryptocurrency via the Public mobile app or website, you must first open an account with Bakkt Crypto. All cryptocurrency account, trading, and custody services are provided to you by Bakkt Crypto.
Cryptocurrency services on Public are provided by Bakkt Crypto Solutions, LLC (“Bakkt Crypto”). Your cryptocurrency assets are held in your Bakkt Crypto account, and Bakkt Crypto handles your cryptocurrency orders. Bakkt Crypto is a licensed virtual currency business by the New York State Department of Financial Services and a licensed money transmitter. Bakkt Crypto is not a registered broker-dealer or a FINRA member. Your Bakkt Crypto account is separate from your brokerage account with Open to the Public Investing (“Public Investing”), which holds US-listed stocks and ETFs. Public Investing is a registered broker-dealer and FINRA member, and is not affiliated with Bakkt Crypto.