Brokerage company eToro has warned clients about “possible restrictions” in order execution, Bloomberg reports, citing a letter sent by the firm. It says:
“The unprecedented demand for cryptocurrencies, coupled with limited liquidity, presents challenges to our ability to support BTC PURCHASE requests over the weekend. In this regard, we may need to impose restrictions on applications for the PURCHASE of cryptocurrencies on the weekend. “
EToro hopes it won’t have to impose restrictions, “but the cryptocurrency market is currently very volatile and the weekend is the hardest.”
If restrictions are introduced, customers will not be able to buy bitcoin more than the set volume and will lose the opportunity to place the corresponding orders. Last week, eToto already limited the possibilities for margin trading in cryptocurrencies, explaining this by the high risks of a volatile market.
Previously, the restriction of purchase orders occurred on the American cryptocurrency exchange Coinbase.
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