eToro may limit bitcoin buying on weekends if demand and volatility continue

eToro may limit bitcoin buying on weekends if demand and volatility continue
HeadlinesNewseToro may limit bitcoin buying on weekends if demand and volatility continue

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eToro may limit bitcoin buying on weekends if demand and volatility continue

The Block1 week ago
Published on January 14, 2021 09:45 GMT+0edited on January 14, 2021 09:56 GMT+0

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Online brokerage eToro has warned customers that it may limit bitcoin and crypto buying over this weekend if demand and volatility continue.

"The unprecedented demand for crypto, coupled with limited liquidity, presents challenges to our ability to support BUY orders over the weekend," the 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."

While the notice relates to this coming weekend, it may also be applied to “the following weekends" if a similar situation continues, an eToro spokeswoman told The Block.

Crypto markets are open 24/7, and investor participation could increase on weekends, especially during bull runs like the current one. Bitcoin has doubled in value within the last one …