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Bitcoin Buy Orders May Be Limited This Weekend If Trading Spikes, eToro Tells Customers
Summary: Cryptocurrency investing platform eToro has warned customers that if Bitcoin trading spikes this weekend they may face limitations on filing orders, as reported by Bloomberg. eToro attributes the possible limitations to an unprecendented demand for crypto as Bitcoin's price continues to hold above all-time-high levels. At the time of writing Bitcoin is trading hands for ...
Cryptocurrency investing platform eToro has warned customers that if Bitcoin trading spikes this weekend they may face limitations on filing orders, as reported by Bloomberg.
eToro attributes the possible limitations to an unprecendented demand for crypto as Bitcoin's price continues to hold above all-time-high levels. At the time of writing Bitcoin is trading hands for $36,178 and is up 5.75%.
In addition to high demand, limited liquidity may also cap eToro's ability to fill buy orders, the company stated. Even though Bitcoin has cooled slightly since surpassing the $40,000 price level last week, many traders are still eager to invest.
“The unprecedented demand for crypto, coupled with limited liquidity, presents challenges to our ability to support BUY orders over the weekend,” the Israeli-British company said in an email to customers. “In light of this, it may be necessary for us to place limitations on crypto BUY orders over the weekend.”
By Emily Mason
Tags: Bitcoin,BTC,etoro
Link: Bitcoin Buy Orders May Be Limited This Weekend If Trading Spikes, eToro Tells Customers [Copy]
