eToro to re-enable LUNA investing on its platform
Online broker eToro says it will re-enable $LUNA for investing on its platform but warns liquidity for this asset is unstable. Hence, it is possible that this asset may be disabled again in the future.
eToro clients will only be able to invest in this asset with the following limitations, including a maximum invested amount per position of $100 and maximum invested amount across all open positions (per account) on this asset of $2,000.
It is possible that users holding positions with manually set Stop Loss rates may have their positions closed immediately at the first available rate in the market, once re-enabled. This is common when there is a market gap.
Existing positions that have a Stop Loss setting of “No SL” (no Stop Loss) should remain open upon re-enabling of the market.
Users will have the ability to close their existing positions (if Stop Loss is not immediately triggered when the market re-opens) and will also be able to open new positions, should they choose to.
It will only be possible to open new REAL positions – i.e non-leveraged (X1) BUY positions secured with the underlying asset. This means that no CFD positions can be opened, meaning that any user who is unable to invest in REAL crypto (either due to their current location or account regulation) will NOT be able to invest in $LUNA.
Finally, eToro is disabling the ability to set or edit Stop Loss and Take Profit rates on both new and existing positions. This means that all new $LUNA positions will have no Stop Loss (‘No SL’) and no Take Profit (‘No TP’) – therefore, the positions will only be closed when a user places a manual request to close them.
eToro says it is constantly monitoring the situation.