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Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe? social investing and trading platform eToro announced that it is finally launching its platforms in U.S. The platform, that currently operates in more than 140 international countries, would be available in 30 states and two territories with plans to expand across the U.S. after receiving the necessary regulatory sign-offs.<p></p><p>Its U.S. platform will only provide trading support for crypto assets in the beginning, but eToro plans to add more types of assets in the coming 12 months. Within the existing markets of eToro, the 10 million or more users can trade and store more than 1500 asset classes in markets which include bonds, stocks crypto currencies, cryptocurrencies commodities and more.</p><p>Even though eToro does support more advanced trading strategies -- such as short-selling as well as using leverage, the platform's transparency and community engagement capabilities make great tools for those who are just beginning to understand the market and how to trade.</p><p></p><p>EToro is a trading platform, social network as well as an educational tool. Any user who signs up to eToro can access, read, and comment on and follow the trading actions of other members of the network, and also their actual profits and losses so far (though only on a percentage basis in order to protect sensitive financial information). While learning from the strategies of their fellow traders Users can decide to trade with virtual currency to be able to train and practice their skills before taking on risk with their own money.</p><p>Additionally, based upon a previous track record of a trader, other users can choose to mimic their portfolio using eToro's "CopyTrader?" feature, which does not just distribute money to match the trader's portfolio, but also will automatically make any trade the copied investor makes. In addition they are also able to post comments, share information as well as follow specific users, assets or markets, giving them the opportunity to engage in discussions and latest news in their specific field of interest.</p><p>Although the service is limited in the beginning to crypto, most of the functions available on the existing geographical markets will be available on the U.S. And alongside its trading platform and its trading platform, the company will launch the digital multi-signature eToro wallet. It will allow users can store, exchange and receive many coins across a myriad of cryptocurrency.</p><p>With them with their eToro accounts U.S. users can currently transfer cryptocurrency to and through their trading account. In addition, they can convert them between as well. The wallet initially will support Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but the company intends to make additional currencies possible in the near term.</p><p>EToro users can make transactions or share trading data and performance of their portfolios with the community by allowing users to debate concepts that are implemented using real dollars</p><p></p><p><iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe>The expansion plan, however, doesn't come without the risk. EToro enters a highly competitive marketplace , along with major trading platforms like Coinbase and Robinhood -and is also launching a solely in the middle of "crypto winter," where widespread instability has plagued the sector.</p><p>One aspect of the strategy is partly due to the fact crypto has a lower cost from a licensing standpoint against other assets within the strict and highly fragmented U.S. regulatory environment. But eToro's launch strategy is also in the company's belief in the immense market opportunity associated with the digital tokenization of asset.</p><p>"We think [the tokenization of assets] is a bigger opportunity than the internet and we have to be in the U.S. when it happens, given it's the financial hub in the world," eToro founder and CEO Yoni Assia, in a conversation with TechCrunch?.</p><p>EToro has an opportunistic approach to their strategy and hasn't been impacted off by the current weakening of crypto. Assia described the market's weakening in the wake of the dot-com crash, that despite the downfall, the internet remained pervasive and created disruption in the long run. And just like with https://mariapansy6.wordpress.com/2022/02/11/how-to-buy-bitcoin/ , Assia and eToro believe there will be more than enough room to make multiple winners in the broader crypto ecosystem.</p><p>It was the first platform to offer support for Ethereum and Ripple, and believes that as similar currencies develop and the new generation of investors get older, eToro will be there to support these currencies wherever and in whatever way they need.</p><p>"When I founded eToro, I envisioned a community where people could trade, invest and share their knowledge in a simple and transparent way," Assia said. Assia. "EToro also acts as a bridge between the old world of investing and a blockchain-powered future, helping our users navigate and benefit from the transition to crypto assets for wealth building."</p>