Cryptocurrency news site Coindesk is reporting that eToro (Europe) Ltd, the Cyprus based arm of Israeli Retail FX, CFDs and cryptocurrency broker eToro which serves the company’s EU customers, sent a note out late Friday afternoon to clients that they had about four hours to increase margin to 100% on all crypto CFD positions. Any open positions left with any leverage would be closed out – and indeed many were, as of 21:00 GMT Friday. The move was apparently made as eToro became unable to properly hedge highly levered client positions in Bitcoin, ETH and other cryptocurrencies, with clients being mostly long as ... (full story)