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Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe? trading and social investing platform eToro announced it is finally launching its service in the U.S. The platformthat already is operational in more than 140 locations, will eventually be accessible in 30 states and two territories with plans to expand beyond the U.S. after receiving the needed regulatory approvals.<p></p><p>The U.S. platform will only allow trading of crypto assets initially, however eToro plans to expand its asset classes over the course of the next 12 months. Within the existing markets of eToro, the company's 10 million-plus users are able to deal and hold more than 1,500 different asset classes and markets such as bonds, stocks along with cryptocurrencies, fiat currencies commodities, and many more.</p><p>While eToro also supports more sophisticated trading strategies , including selling short and the use of leverage -- the system's transparency and community involvement capabilities make great tools used by beginners to master the capital markets and learn 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 social network, trading platform along with an online educational source. Anyone who sign-ups for eToro can see, comment and even copy the trading actions of other members of the network, in addition to their actual profits and losses so far (though only on a percentage basis to protect sensitive financial information). While studying the strategies used by their peers customers can also invest in virtual currencies to be able to train and practice their skills before taking on risk with their own money.</p><p>Additionally, based upon a trader's track record, other users are able to duplicate their portfolio through eToro's "CopyTrader?" feature, which allows for a proportional allocation of funds to match the trader's portfolio, but also automates perform any trade that the copied investor's makes. Furthermore the members can also to comment, share, engage with or follow specific individuals, assets or markets -- making it possible for them to take part in the most recent debates and news in their specific field of interest.</p><p>While the platform is restricted by crypto at launch virtually all of the features that exist in the current market will be available to users in the U.S. And alongside its trading platform the company is launching the multi-signature eToro wallet. With it, users have the ability to store, send and receive multiple coins across a multitude of cryptocurrencies.</p><p>By using their eToro account, U.S. users can move cryptocurrencies onto and from their trading accounts. And they is able to easily convert between them and also. The wallet initially will support Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but the company is planning to make additional currencies to be available in near future.</p><p>EToro users can transact in exchange for sharing trading activities and portfolio performance with the community which allows users to exchange concepts that are implemented using real dollars</p><p></p><p>The expansion program, however come without the risk. EToro is entering a highly competitive market, along with other famous trading platforms such as Coinbase as well as Robinhood -and has announced a exclusively in the midst of "crypto winter," where the widespread weakness has plagued the sector.</p><p>A significant part of the plan is caused by the fact that crypto is lighter from a licensing perspective relative with other classes of assets within the extremely regulated and fragmented U.S. regulatory environment. However, the strategy behind eToro's launch is also strongly rooted in its belief in the enormous market potential that is available through the tokenization of the 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 mentioned in a conversation with TechCrunch?.</p><p>EToro has long-term perspectives with their strategy and hasn't been impacted with the current crypto weakness. Assia was comparing the market's softness on the other hand to the dot-com bubble where despite the crash, the internet was still a major factor and caused disruption to the economy in longer term. Like it, Assia along with eToro believe there will be enough space for multiple winners within the larger crypto ecosystem.</p><p>The company was the first platform that supported Ethereum and Ripple and believes that , as these currencies and the future generation of investors mature, eToro will be there to support 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. " https://controlc.com/0f0e5e37 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>