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Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe social investing and trading platform eToro announced they will soon launch it's platform across the U.S. Its platform, which has operations in more that 140 nations, is now accessible in 30 states and two territories . It also has plans to expand further in the U.S. after receiving the needed regulatory approvals.<p></p><p>This U.S. platform will only permit trading of crypto assets at launch, but eToro plans to introduce additional asset classes in the coming twelve months. In eToro's existing markets, its 10 million plus customers are able to hold and trade more than 1500 asset classes and markets that include bonds, stocks cryptocurrency, fiat currencies commodities, and many more.</p><p>Although eToro also supports more sophisticated trading strategies , such as short-selling as well as using leverage, the service's transparency features and community engagement features are great tools for people who are new to the capital markets as well as how to trade.</p><p><iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe></p><p>EToro is a combination of trading platform, social network as well as an educational tool. Anyone who sign-ups for eToro is able to view, comment on and follow the trading actions for everyone else on the network, and also their realized losses and gains so far (though only on a percentage basis to keep confidential financial data safe). While learning from the strategies used by their peers, users can opt to invest in virtual currencies to get a better understanding and to practice before even putting their money on the line.</p><p>Alternatively, based on a trader's track record, other users can choose to mimic their portfolio using eToro's "CopyTrader" feature, which doesn't just proportionally allocate funds to match the trader's portfolio, but also will automatically execute any trade that the copied investor's make. Furthermore they are also able to comment, share engaging with, or follow particular individuals, assets or markets -- they can also participate in the most recent debates and news on their particular field of interest.</p><p>Although it's only limited to crypto when it first launched, practically all of these features that are available on eToro's current locations will be offered throughout the U.S. And alongside https://malewolf2.tumblr.com/post/675898708442873856/how-to-buy-bitcoin trading platform the company has announced their digital multi-signature eToro wallet. This wallet will let users can send, store and receive multiple coins using a variety of cryptocurrency.</p><p>Using the eToro accounts, U.S. users can move cryptocurrencies onto and through their trading account. In http://www.trungtamytechomoi.com.vn/Default.aspx?tabid=120&ch=9419 , they have the ability to easily convert between and vice versa. It will initially support Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but the company plans to add additional currencies available in the near future.</p><p>EToro users can conduct transactions and share trading activities and performance of their portfolios with other EToro users which allows users to exchange ideas that can be executed using real dollars</p><p></p><p>The expansion plan, however, does not come without risks. EToro will be entering into a competitive marketplace , along with highly-rated trading platforms like Coinbase and Robinhood -and is also launching a solely in the middle of "crypto winter," where widespread weakness has plagued the sector.</p><p>The strategy's success is caused by the fact that cryptocurrency is more lenient from a licensing perspective relative in comparison to the rest of the asset class in the extremely regulated and fragmented U.S. regulatory environment. The launch plan of eToro's has its roots within the company's conviction in the massive market opportunity that is available through the crypto tokenization.</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 said in an conversation with TechCrunch.</p><p>EToro has a long-term view with its approach and isn't overthrown by the current cryptocurrency weakness. Assia equated the market softness on the other hand to the dot-com bubble, in which, despite the downturn, the internet was still a major factor and destroyed the economy in long term. Much like web-based technology Assia along with eToro believe there will be enough space for multiple winners within the wider crypto economy.</p><p>The company was the first market platform to offer support for Ethereum and Ripple and believes that as the two currencies are similar and the new generation of investors get older, eToro will be there to help the two currencies 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," 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>
