eToro temporarily increases minimum deposit as demand of new users skyrockets. On January 9, eToro took to Twitter to express the overwhelming response it has received from new users, causing the platform to “temporarily increased the minimum deposit amount for new users to $1,000.”
eToro Global PR Head, Amy Butler said that the number of new registrations and the volume of deposits and trading on the platform hit all new highs in 2021, fueled by crypto.
“We have seen huge demand for crypto, especially bitcoin (BTC, -1.11%). While institutional funds were the main driver of the bull run last year, this report of “unprecedented demand” by eToro could be a sign that retail traders are finally starting to jump in with both feet. In this first week of 2021 we have seen days with over 40,000 new registered users in a day and volumes of crypto trades at 10 times the average of last year,” Butler said.