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Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe? social trading and investing platform eToro announced that it will officially launch its platforms in U.S. The platform, which already operates in more then 140 international countries, would be available in 30 states and two territories with plans to expand beyond the U.S. after receiving the necessary regulatory approvals.<p></p><p>This U.S. platform will only permit trading of crypto assets when it launches, but eToro will be adding additional asset classes in the next 12 months. In eToro's existing markets, the more than 10 million users are able to exchange and keep more than 1500 asset classes in markets comprising bonds, stocks and currencies such as cryptocurrencies, fiat currency commodities, and more.</p><p>Even though eToro does support more advanced trading strategies -- such as short-selling and the use of leverage -- the system's transparency and community involvement features are great tools for beginners to learn the market and how to trade.</p><p></p><p>EToro is a social network, trading platform in addition to an academic resource. Anyone who joins eToro will be able to read, write about and follow the trading actions and actions of all others on the network, and also their actual returns and losses so far (though only on a per-cent basis to safeguard confidential financial information). While studying https://notes.io/U573 of their peers and trading partners, members can choose to make investments using virtual currency to make practice and improve their skills prior to investing their own money.</p><p>Alternatively, based on a trading history, users can select to mirror their portfolio by using eToro's "CopyTrader?" feature, which not only proportionally allocates funds to match the trader's portfolio, but also will automatically create any trade the copied investor makes. Additionally they are also able to share, comment on their favorite topics, interact with or follow specific users, assets or markets, and participate in the latest debate and news in their area of interest.</p><p>Even though it's limited in the beginning to crypto, practically all of these features available on eToro's previous regions will be made available in the U.S. And alongside its trading platform and its trading platform, the company will launch its own digital multisignature eToro wallet. It will allow users can store, send and receive multiple coins across a multitude of cryptocurrency.</p><p>By using accounts with eToro and eToro accounts U.S. users can move cryptocurrencies onto and from their trading accounts. And they can convert them between in addition. The wallet is initially able to support Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but it is planned to add additional currencies readily available in the coming months.</p><p>EToro users can carry out transactions in exchange for sharing trading activities and portfolio performance with the community and allow users to share ideas , and then execute the transactions using real dollars<iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe></p><p></p><p>The expansion strategy, however, doesn't come without risk. EToro has entered a competitive market -- with popular trading platforms like Coinbase as well as Robinhood -as well as launching its Crypto-only version amid the chaos of "crypto winter," where the widespread weakness has plagued the sector.</p><p>The reason behind this strategy is directly related to the fact cryptocurrency is more lenient from a licensing perspective relative against other assets within the strict and highly fragmented U.S. regulatory environment. However, eToro' https://controlc.com/fea06665 to launch is also firmly grounded within the company's conviction in the massive market opportunity that exists with the cryptocurrency 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 remarked in a interview with TechCrunch?.</p><p>EToro is taking an opportunistic approach to the company's strategy and isn't deterred by the current crypto market weakness. Assia equated the market softness with the bubble of dotcom, with the result that, despite the crash the internet still permeated and interrupted the economy in long run. As with the web, Assia and eToro believe that there is more than enough room for multiple winners within the larger crypto-related ecosystem.</p><p>The company was the very first platform which was able to integrate Ethereum and Ripple, and believes that , as these currencies and the new generation of investors get older, eToro will be there to support these currencies wherever and in the way they need it.</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>