The amount of bitcoin deposited with UK-based asset brokerage company eToro is rising dramatically.
The firm’s chief market analyst, Mati Greenspan, said on Wednesday that they witnessed a 13 percent surge in bitcoin holdings at their proprietary custodianship. The deposits jumped particularly between May 4 and May 18, the period which saw bitcoin price appreciating more than 50 percent against the US dollar.
“eToro clients, indeed, participated in the recent Bitcoin surge,” stated Greenspan. “During the recent rally (May 4th – 18th) overall client holdings rose by about 13%.“