by Rushali 
eToro, an Israeli online brokerage firm has warned its customers that, they may have to limit the bitcoin and crypto buying over this weekend if volatility and demand continues. The company has issued emails to their customers regarding the same.
The email says, ” The unprecedented demand for crypto, coupled with limited liquidity, presents challenges to our ability to support BUY orders over the weekend, In light of this, it may be necessary for us to place limitations on crypto BUY orders over the weekend.”
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If the situation doesn’t change then, this can remain effected in further weekends as well. Normally, crypto markets are open 24/7, participation increases on weekends specially in bull markets. In last one month bitcoins have doubled itself from $19,000 to about $38,000.
It is not necessary that the firm will establish the restriction, but they wanted their customers to be aware. And if the restrictions are implemented then, it may set a temporary maximum exposure amount per crypto-asset for each client and temporarily suspend the ability to place new crypto buy orders, the mail read.
Last week as well, eToro has given a 4 hour notice to European customers and abruptly closed all crypto margin trades when bitcoin hit an all-time high of around $42,000.
