January 28, 2021

EToro runs out of crypto amid "unprecedented demand"

EToro is running out of cryptocurrency amid "unprecedented demand"

EToro is not keeping up with the growing demand for cryptocurrency and is warning users of possible trading limits.

Israel exchange eToro has sent emails to its clients, which read:

The unprecedented demand for cryptocurrencies paired with limited liquidity creates an environment in which we cannot maintain the stable operation of the cryptocurrency purchase function.

EToro warns that users may face “buy restrictions” as well as “increased spreads on crypto assets”.

EToro has become a victim of its own success.CMO Brad Michelson said yesterday that over the past 11 days, 380,000 new users signed up for accounts and started trading. At the moment, more than 17 million users are registered on the platform.

Subscribe to ForkNews in Telegram to be the first to know the latest news from the world of cryptocurrencies