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Robinhood Reports Fourth Quarter and Full Year 2021 ResultsThe? social investing and trading platform eToro announced that it will be launching its website in U.S. The platform, which operates in more than 140 international countries, would be accessible in 30 states and two territories . It also has plans to expand outside of the U.S. after receiving the necessary regulatory sign-offs.<p></p><p>This U.S. platform will only permit trading of crypto assets in the beginning, but eToro plans to introduce additional assets classes within the next 12 months. The existing markets on eToro are where its 10 million plus customers are able to trade and hold more than 1500 asset classes and markets including bonds, stock or cryptocurrencies, currencies that are fiat commodities, and many more.</p><p>Although eToro does support more advanced trading strategies , including trading with short-terms and leverage -- the platform's transparency , community engagement features serve as excellent tools for those who are just beginning to understand the trading markets and learn to trade.</p><p></p><p>EToro is a combination of social network, trading platform and educational resource. Users who sign up to eToro can observe, share and follow the trading actions of everyone else on the network, in addition to their realized losses and gains to date (though only on a per-cent basis to safeguard sensitive financial data). While studying the strategies of their fellow traders they can also choose to make investments using virtual currency to practice and effectively train before making a decision to invest their own money.</p><p>Or, depending on a traders track record, users can choose to mimic their portfolio using eToro's "CopyTrader?" feature, which doesn't just proportionally allocate funds to fit the trader's portfolio, but can also perform any trade that the copied investor performs. On https://lilacswamp1.bravejournal.net/post/2022/02/11/How-to-Buy-Bitcoin of that users also have the option to connect, comment on and engage with certain people, assets, or markets -- making it possible for them to take part in the latest discussion and updates in their specific field of interest.</p><p>Although it's only limited to crypto at the time of launch, almost all the same features currently available to eToro's market will be available on the U.S. And alongside its trading platform it's also launching its digital multi-signature eToro wallet, where users are able to store, send, and receive multiple coins across a multitude of different cryptocurrencies.</p><p>Through Their eToro clients, U.S. users can now transfer cryptocurrency into and from their trading accounts and can easily convert between the two and also. The wallet initially supports Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for U.S. users, but the company is planning to offer additional currencies to be available in near future.</p><p>EToro users can carry out transactions while sharing their trading actions and portfolio performance with the community Users can also discuss ideas and execute them using real dollars</p><p></p><iframe src="https://youtu.be/wYJhUGVaeyk" width="560" height="315" frameborder="0" allowfullscreen></iframe><p>The expansion plan, however, doesn't come without risk. EToro has entered a competitive marketplace -- alongside other well-known trading platforms such as Coinbase as well as Robinhood -and is now launching a cryptocurrency-only version during the midst of "crypto winter," where widespread weakness has afflicted the sector.</p><p>A large part of the strategy is partly due to the fact crypto is a more relaxed option from a licensing standpoint compared against other assets within the highly complex and strict U.S. regulatory environment. However, the strategy behind eToro's launch is also strongly rooted by its belief in the immense 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 stated in a interview with TechCrunch?.</p><p>EToro is taking a long-term view with the company's strategy and isn't deterred by the current crypto weakness. Assia related the market's decline to that of the dot com bubble where despite the crash, the internet was still a major factor and altered the economic landscape in the long term. Just like technology, Assia as well as eToro believe that there is more than enough room to make multiple winners in the wider crypto economy.</p><p>It was the first platform in its markets to allow Ethereum and Ripple and believes that , as similar currencies and the new generation of investors get older, eToro will be there to support their users 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>