eToro Releases Clarifications on Increased Crypto Spreads

eToro, the world's leading social investment platform, has confirmed traders' concerns over  increased crypto spreads on its platform.

The broker explains 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.

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The firm stresses that it has not risen its spreads on crypto and for each buy and sell crypto position, and that its traders will still be charged a single fixed fee of 1%, on top of the market price (AKA Bid-Ask Spread).

Today, Fazzaco reported Binance officially abandoned the plan to acquire the beleaguered rival FTX​, just two days after Binance unveiled its acquisition intent.