eToro has warned about limiting the size of transactions with cryptocurrencies
The broker sent out notifications to users informing them about the lack of liquidity on the platform. Because of this, it is possible to introduce a limit on the size of transactions with digital currencies. The growing popularity of eToro's services played a bad joke. In 2021, more than 380 thousand new customers were registered on the platform, the trade turnover increased 25 times compared to January 2020.
“Limited liquidity and the fantastic demand for digital currencies have created temporary difficulties on our platform in accepting orders to purchase coins over the weekend. We do not exclude the possibility that we will have to introduce limits on the size of transactions, as well as increase the spread”, - says the message that eToro sent users.
Former company analyst Mati Greenspan said that liquidity problems are obvious, but users should not panic and withdraw funds. Other trading platforms have similar difficulties.
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