Multi-asset brokerage eToro has issued a warning to users looking to buy bitcoin and other cryptocurrencies over the coming weekend.
According to an email sent to customers and as reported by Bloomberg on Wednesday, the Israel-based company said customers could face “possible limitations” due to “challenges” in the platform’s ability to support buy orders.
The company said they may impose limitations on customers looking to purchase cryptocurrency assets due to complications arising from a lack of market liquidity.
The brokerage may set a temporary maximum exposure amount per cryptocurrency asset per client, as well as temporarily suspending the ability to place new buy orders, according to a copy of the letter posted online.
Spreads on cryptocurrency assets may also be wider than usual resulting from “unprecedented conditions in the market” as demand surges from newcomers for digital assets.
Users on the platform have skyrocketed in recent weeks, with eToro opening 380,000 new accounts. Its