EToro slammed for short-notice halt to BTC margin trading amid ATH price surge
eToro is taking heat after calling in margin trades at the peak of Bitcoin’s record rally. A Wall Street Journal report published Jan. 12 claims European eToro users were given just four hours notice that the platform's margin trading services would be halted on Friday.EToro users were informed they must increase their margin collateral to 100% in an email sent at 4:46 UTC on Jan. 8. The platform closed the contracts of any European crypto trader who didn’t bolster their margin collateral to 100% by 9:00 PM. When the firm called in the margin trades, the users’ crypto was automatically....
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As Bitcoin exchanges in China halt margin trading, zero-fee trading may also be on the chopping block as the industry awaits regulation. China Halts Margin Trading Following the inspections conducted by the People’s Bank of China, the country’s ‘Big Three’ Bitcoin exchanges BTCC, OKcoin and Huobi have stopped margin trading services. Although no official statement from the PBoC has been issued regarding the legality of the margin loan services, media reports state that the platforms’ margin trading “violated rules” and resulted in abnormal price volatility. BTCC CEO Bobby Lee reacted to....
First two in a series of tokens to be added this year on eToro UNI is eToro’s first token in decentralized finance trading infrastructure eToro, the world’s leading social investment network, today announces it has added Chainlink (LINK) and Uniswap (UNI) to its crypto offering, bringing the total number of tokens that people can invest […]
Although the halt has been in effect for about a week now, Chinese bitcoin exchanges Huobi and OKCoin have publicly and formally announced the halt of margin trading, as per the requirements of the PBOC, China’s central bank. OKCoin issued its announcement on its website. A loosely translated version reads: According to requirements of the regulators, the company has made the following rectification: Margin trading services will be stopped immediately. There will be no new margin trading transactions. Users will loans that have already taken place will not be forcibly asked to repay the....
Discover the intricacies of short and long positions in crypto trading. These principles can be applied by both new and experienced traders. How can margin trading amplify the targets of long and short positions?Margin trading can magnify the potential results of long and short positions thanks to leverage — i.e., borrowed funds.Going long or short might be lucrative, especially when the cryptocurrency is volatile. Still, professional traders prefer margin trading, as they can amplify potential profits by several times. However, the risks also increase by the same degree, which is why....
XRP saw a 1,151% surge in trading volume on eToro as its price nearly tripled last month. XRP saw a month-on-month 1,151% surge in trading activity in November on the eToro investment trading platform, according to the company’s latest report. This comes as the XRP price rallied to $0.92 on Coinbase at its monthly peak and closing the month with a 283% gain at around $0.61.Top 10 traded cryptoassets Source: eToro Spike in retail interest, trading activityBitcoin (BTC) was nearing $19,000 for the first time since December 2017 when large market cap altcoins like XRP started to surge in....