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Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe? social investing and trading platform eToro announced it is finally launching their platform within the U.S. The platform, which already operates in over 140 locations, will eventually be available in 30 states and two territories . It also has plans to expand throughout 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 when it launches, but eToro plans to expand its asset classes in the coming 12 months. In the current market, the company's more than 10 million users are able to trade and hold more than 1500 asset classes in markets including bonds, stock or cryptocurrencies, currencies that are fiat, commodities and more.</p><p>Even though eToro is able to support more advanced trading strategies such as short-selling as well as using leverage -- the system's transparency and community involvement functions are great resources in helping beginners learn about capital markets , and also learn to trade.</p><p></p><p><iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe>EToro is a combination of social network, trading platform or educational platform. Anyone who sign-ups for eToro is able to view, comment on or copy the trading activities for everyone else on the network, as well as the actual losses and returns to date (though only at a % basis to protect confidential financial information). While studying https://knifetime7.werite.net/post/2022/02/11/How-to-Buy-Bitcoin of their fellow traders as well, they are able to play with virtual currency and test their skills and gain experience before actually risking their own money.</p><p>However, based off a trading history, users can choose to mimic their portfolio using eToro's "CopyTrader?" feature, which doesn't just proportionally allocate funds to match the investor's portfolio, it can also make any trade copied investor's make. On top of that they are also able communicate, leave comments on or engage with particular individuals, assets or markets, they can also participate in all the latest debates and information about their specific area of interest.</p><p>Even though it's limited only to crypto for the first time, almost all the same features that are available on eToro's current geographical markets will be available in the U.S. And alongside its trading platform it's also launching it's digital multi-signature eToro wallet. With it, users are able to store, send, and receive multiple coins across a multitude of cryptocurrency.</p><p>With one of their eToro customers' accounts U.S. users can move cryptocurrencies onto and from their trading account and have the ability to easily convert between and also. It will initially support Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but the company is planning to offer additional currencies available in the near future.</p><p>EToro users are able to make transactions as well as share their trading activities and performance of their portfolios with the community by allowing users to debate strategies that are then executed with real dollars</p><p></p><p>The expansion plan, however, does not come without risk. EToro plans to enter a highly competitive marketplace -- alongside other top trading platforms such Coinbase as well as Robinhood -it is also launching its exclusive crypto version in the midst of "crypto winter," where widespread weakness has afflicted the sector.</p><p>A portion of the strategy can be in part due to the reality that crypto is less expensive in terms of licensing compared different asset types within the rigid and extremely fragmented U.S. regulatory environment. The launch plan of eToro's is also strongly rooted to the firm's belief that an enormous market opportunity that is available through the tokenization of assets.</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 stated in a interview with TechCrunch?.</p><p>EToro has a long-term view with its plan of action and isn't being frightened by the current crypto weakness. Assia was comparing the market's softness by comparing it to the dotcom bubble, where , despite its collapse, the internet was still a major factor and destroyed the economy in longer term. As with Internet, Assia together with eToro believe that there will be more than enough space for multiple winners in the larger crypto-related ecosystem.</p><p>The company was the first platform in its markets to be able to support Ethereum and Ripple, and believes that as similar currencies mature and the new generation of investors get older, eToro will be there to assist them wherever they are 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," 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>