etoro Trading Restrictions Update” is a concise way to refer to the recent announcement by eToro regarding limitations on non-leveraged cryptocurrency CFD trading in France and Australia. Despite a decrease in shares and a previous offer of $60 per share, eToro is set to limit these trading activities, prompting clients to liquidate non-leveraged long positions before the upcoming deadlines on February 19 for Australia and February 21 for France.
A Broker Firm, regulated by the FCA, emphasizes compliance and market responsiveness by clarifying the closure of non-leveraged CFD crypto asset positions at market value after specified deadlines. However, eToro remains committed to offering physical, non-leveraged crypto trading options in both countries, ensuring that traders can continue their activities within the outlined restrictions.
eToro’s Latest: Trading Restrictions on Crypto CFDs
The broker advises traders to close their Crypto CFD positions and switch to equivalent real asset positions to facilitate a smooth transition. EToro has implemented a policy of not charging overnight fees for traders engaging in real crypto assets, as these costs are exclusive to CFD positions. This move aligns with the broader global restructuring of eToro’s cryptocurrency proposals, a response to the recent closure of crypto custody services in Germany.
In a proactive measure, eToro has partnered with Tangany, a Munich-based BaFin-licensed crypto custodian, to facilitate the transfer of German crypto custody customers. Despite challenges, including the unsuccessful attempt at a merger with a blank-check company for public listing, eToro remains resilient and determined to maintain its integrated status. The broker continues to secure licenses across Europe and the Middle East, showcasing a commitment to navigating changing regulatory environments and meeting investor expectations.
This latest development underscores the industry trend towards prioritizing physical assets and aligning with regulatory changes, demonstrating eToro’s proactive approach to evolving market dynamics.
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