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Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe? social investment and trading platform eToro announced that it will officially launch its online platform to the U.S. The platform, that currently is in operation in more than 140 countrieswill become available in 30 states and two countries with plans to expand to other areas of the U.S. after receiving the needed regulatory approvals.<p></p><p>This U.S. platform will only permit trading of crypto assets initially, however eToro plans to offer additional asset classes over the next twelve months. Within the existing markets of eToro, its more than 10 million customers can exchange and keep more than 1500 different asset classes and markets which include bonds, stocks along with cryptocurrencies, fiat currencies commodities, and many more.<iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe></p><p>Though eToro can also support more advanced trading strategies -- like short-selling and using leverage -- the features of the platform's transparency and social engagement features can be great tools for beginners to learn the capital markets and understand how to trade.</p><p></p><p>EToro is equal parts social network, trading platform or educational platform. Users who sign up to eToro has the ability to see, post comments as well as copy the trades that other users of the network, as well as the actual losses and returns to date (though only according to a percentage, in order to protect confidential financial information). While learning from https://anotepad.com/notes/4jk9r7ye can decide to trade with virtual currency to be able to train and practice their skills before taking the plunge and risking their own funds.</p><p>If you want to, based on the trader's record, other users may decide to imitate their portfolios using eToro's "CopyTrader?" feature, which will not only allocate funds to match the investor's portfolio but also can automatically create any trade the copied investor makes. On top of that users are also able to connect, comment on as well as follow certain individuals, assets, or markets, allowing them to participate in all the latest debates and information in their specific field of interest.</p><p>Despite being limited to crypto initially, virtually all of the functions available on the existing market will be available throughout the U.S. And alongside its trading platform and its trading platform, the company will launch its own digital multisignature eToro account, where users can store, exchange and receive numerous coins across a variety of different cryptocurrencies.</p><p>By using accounts with eToro and eToro accounts U.S. users can transfer cryptocurrencies into and out of their trading accounts. Users are able to convert them easily and also. The wallet initially supports Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but the company plans to add additional currencies readily available in the coming months.</p><p>EToro users can use transactions that allow them to share trading information and performance of their portfolios with the community and allow users to share ideas and execute them using real dollars</p><p></p><p>The expansion program, however come without risks. EToro will be entering into a competitive market -- in conjunction with well-known trading platforms such as Coinbase and Robinhood -and is now launching a exclusively in the midst of "crypto winter," where the widespread weakness has plagued the sector.</p><p>Part of the strategy is directly related to the fact crypto is less expensive in terms of licensing and other investment classes within the highly regulated and splintered U.S. regulatory environment. However, eToro's strategy for launching is also firmly rooted in the company's belief in the vast market opportunity in 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 mentioned in a conversation with TechCrunch?.</p><p>EToro is taking the long view with its approach and isn't overthrown with the current crypto weakness. Assia was comparing the market's softness as the dot-com boom, that despite the downfall, Internet still permeated and interrupted the economy in long-term. Much like web-based technology Assia along with eToro believe there will be enough room to make multiple winners in the larger crypto-related ecosystem.</p><p>The company was the first market platform to allow Ethereum and Ripple, and believes that as the two currencies are similar and the future generation of investors mature, eToro will be there to assist their users 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>