eToro updates on crypto spreads
Online broker eToro has acknowledged traders’ concerns about the increased crypto spreads on its platform and has sought to provide some clarity.
The company notes that the current spreads on crypto are widening due to high volatility and market conditions. These increased market spreads are actual spreads from the market and are not going to eToro.
The broker stresses that its fees are staying fixed during this period of high volatility.
The liquidity issues that crypto exchange FTX is facing, as well as the abandoned plans for its acquisition by Binance are the main reasons for the volatility.