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Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe? trading and social investing platform eToro announced that it will launch its platform in the U.S. The platformthat already is operational in more than 140 nations, is now accessible in 30 states and two regions with plans to expand across the U.S. after receiving the needed regulatory approvals.<p></p><p>Its U.S. platform will only offer trading on crypto assets initially, however eToro plans to add additional asset classes in the coming 12 months. On eToro's current markets, its more than 10 million customers are able to hold and trade more than 1500 different asset classes as well as markets comprising bonds, stocks, cryptocurrencies, fiat currencies commodities and more.</p><p>Although eToro does support more advanced trading strategies -- such as short-selling and using leverage -- the service's transparency features and community engagement features act as great tools for novices to get familiar with the trading markets and learn to trade.</p><p></p><p>EToro is a combination of social network, trading platform or educational platform. Anyone who joins eToro can see, comment and even copy the trading actions as well as the other members on the network, in addition to their realized profits and losses to date (though only at a % basis to protect sensitive financial information). While studying http://www.docspal.com/viewer?id=- of their colleagues the users are able to invest in virtual currencies to be able to train and practice their skills before actually risking their own money.</p><p>Additionally, based upon a trader's past performance, other users can choose to mimic their portfolio through eToro's "CopyTrader?" feature, which does not just allocate funds to match the investor's portfolio, but will also complete any trade the copied investor makes. Furthermore the members can also to share, comment on and engage with particular individuals, assets or markets -- so that they can participate in the most recent discussions and news related to their specific area of interest.</p><p>While the platform is restricted to crypto initially, many of the same features offered by eToro's other market will be available across the U.S. And alongside its trading platform it's also launching it's digital multi-signature eToro wallet, which allows users to have the ability to store, send and receive many coins across a myriad of cryptocurrency.</p><p><iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe>By using Their eToro customers' accounts U.S. users can transfer cryptocurrencies into and from their trading accounts. They have the ability to easily convert between and vice versa. The wallet is initially able to support Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but they plan to launch additional currencies available in the near future.</p><p>EToro users can transact while sharing their trading actions and performance of their portfolios with other EToro users that allows users to talk about ideas and implement them with real dollars</p><p></p><p>The expansion strategy, however, doesn't come without risk. EToro wants to join a competitive marketplace , along with popular trading platforms , such as Coinbase as well as Robinhood -in addition to launching its Crypto-only version amid the chaos of "crypto winter," where the widespread weakness has plagued the sector.</p><p>Part of the reason for this is related to the fact that crypto has a lower cost in terms of licensing similar asset classes within the rigid and extremely fragmented U.S. regulatory environment. The launch plan of eToro's is also firmly rooted in its belief in the vast market opportunity that is available through the currency 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 mentioned in a conversation with TechCrunch?.</p><p>EToro has an outlook on the future with its strategy and isn't thrown with the current crypto weakness. Assia identified the weakness in the market as the dot-com boom, which, despite the market crash, the internet continued to be a force that created disruption in the long term. Like the web, Assia and eToro believe that there will be more than enough room to make multiple winners in the larger crypto ecosystem.</p><p>The company was the very first platform in its market that was able to work with Ethereum and Ripple and is confident that as similar currencies and the future generation of investors mature, eToro will be there to help 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>