We would like to remind our community that EOS trading is currently suspended. At present there is no liquidity for EOS as the mainnet is not yet live. Any trading that may be occuring on other exchanges is between the users on that exchange, but withdrawals and deposits are suspended and will open again once the mainnet is deemed to be stable.
As mentioned before, this may take days or even weeks, however, as soon as market conditions allow it, we will enable trading of EOS.
Be aware that this will also affect the closure of copy positions as a closed copy position will remain ‘pending close’ until there is a market available to close the trade.
While we appreciate that this temporary inconvenience is far from ideal, we believe that this is the only appropriate approach.
We’re continually monitoring the situation. Please keep an eye on our eToro Team’s wall for further updates.
More details below:
Please be aware that around June 2nd, 2018, EOS will be transitioning from the Ethereum blockchain to its soon-to-be-launched EOS MainNet chain. This will affect trading of the EOS token and we wanted to make sure you are aware of how this relates to your eToro positions.
What is EOS doing?
EOS’ parent company block.one is rolling out its EOS.IO platform and will be swapping all tokens, currently on the Ethereum blockchain, with tokens on its new platform. During the transition, low EOS liquidity is expected for both the existing and new EOS tokens.
How will eToro adjust?
Here at eToro, we are happy to say that we will be taking care of the transition for our clients. One of the benefits of trading crypto on eToro is that there’s no action needed on your behalf – your EOS positions will remain in your portfolio.
However, eToro may halt all EOS trading for an undetermined amount of time if market liquidity isn’t sufficient to support trading.
While the token swap is scheduled for June 2nd, liquidity issues may arise before that date, and therefore, eToro might halt EOS trading before the aforementioned date, meaning the procedure could start anytime between now and June 2nd.
How will this affect you?
To retain your EOS holdings on eToro, you may keep your positions open during the transitional period. The tokens will remain in your portfolio and be available for trading as soon as the transition is complete and sufficient liquidity is restored. However, please be aware that you will not be able to close or adjust your open EOS positions during the halt and trading will resume only when the EOS MainNet stabilises, which could last anywhere from several hours to several weeks.
Alternatively, you may choose to close all of your open EOS positions beforehand. All EOS positions that remain open will automatically take part in the transition procedure to the new EOS MainNet chain.