For comparison, Gemini, the bitcoin exchange run by the Winklevoss twins, allows users to instantly buy and trade up to $500 per day in cryptocurrency purchased via ACH transfer, but won't let you withdraw it from the exchange until the withdraw clears.
At the start of this year, Bitcoin was trading at around $1,000.
A Bitcoin and dollar notes are seen in this illustration picture taken on September 27, 2017.
But the main factor could simply be demand from investors wanting "in" on a market that has provided gains exceeding those of any other currency in every year bar one since 2010. Nettles said interest had been much higher than anticipated and has come from banks, hedge funds and brokers.
On 10 October, Russia made a decision to block access to websites of exchanges that offer crypto-currencies such as Bitcoin, Russian Central Bank First Deputy Governor Sergei Shvetsov said.
"Bitcoin was created to operate outside of the influence of governments and central banks, and is doing exactly that", said Iqbal Gandham, Managing Director at retail trading app eToro, which has seen huge increases in cryptocurrency trading volumes. This was a huge setback to the industry which led to around 30% fall in the bitcoin prices in a matter of a few days. Consequently, this bitcoin exchange serves as the on-ramp for many investors into the crypto economy.
Global investors seem to be buoyed by recent news report that China may resume cryptocurrency trading with tight regulations. So, a team of cryptocurrency developers is open-sourcing technology that enables trust-less trading between a bitcoin and ethereum blockchains. But determining its value is hard. In fact, it might make holders of existing Bitcoins richer.
This shows a return to the cryptocurrency's earlier surge that saw many people within the financial sector - and even the average person - suddenly take notice of a once fringe concept.